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2 years ago

Can anyone please help me answer this Math Question ? As soon as possible !!

Mathematics

1 answer:

NNADVOKAT [17]2 years ago

7 0

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

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Maksim231197 [3]

a) Given

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3 years ago

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Answer:

It does

Step-by-step explanation:

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Step-by-step explanation:

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