Question

Can anyone please help? I will give Brainly. IT IS NOT 5.5% x 50,000, thank you :)

Answer 1

Here, The tax rate should be 5% ( Look carefully )

Because He gets less than $ 50,001.

Hence, State income tax should be,

$\frac{5\%}{100\%} \times 50000$

= 250000 / 100

= $ 2,500 { Ans }

Hence, the tax owed on a $ 50,000 salary is $ 2,500.

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I hope the answer is correct, Inform me in a comment if someone finds it wrong. I'll edit it. Or delete it if I'll be unable to edit .