Igor's taxable income is the difference between the amount
he earns annually and the amount he earns as exemptions.
Response:
- The amount he pays in annual state income tax is;<u> $1,497</u>
<h3>Which methods are used to calculate income tax?</h3>
Given;
Annual earnings = $57,900
State tax rate = 3%
Amount earned in exemption = $8,000
Required:
The amount Igor pays in annual state income tax.
Solution;
Taxable Income = Annual Income - Exemptions
Therefore;
Igor's taxable income = $57,900 - $8,000 = $49,900
Taxable Income × Tax rate = Amount paid as tax
- The amount he pays is therefore; $49,900 × 3% = <u>$1,497</u>
Learn more about income tax here:
brainly.com/question/25278778
Area is base x height
8cm is the base , 8 cm is the height
8x8=64cm
Answer: a. $2700
b. $10200
Step-by-step explanation:
a. The interest she would have earned at the end of the 6 years can be gotten using the formula
= PRT/100
= $7500 × 6% × 6
= $7500 × 6/100 × 6
= $7500 × 0.06 × 6
= $2700
b. Her balance when she wants to withdraw the money would be:
= $7500 + $2700
= $10200
