a certain state uses the progressive tax rate below for calculating individual income tax. calculate the…

a certain state uses the progressive tax rate below for calculating individual income tax. calculate the state income tax owed on an $80,000 per year salary.\n\nincome range ($)\tprogressive tax rate\n0 - 4,000\t2%\n4,001 - 22,000\t4%\n22,001+\t5%\n\ntax = $?

a certain state uses the progressive tax rate below for calculating individual income tax. calculate the state income tax owed on an $80,000 per year salary.\n\nincome range ($)\tprogressive tax rate\n0 - 4,000\t2%\n4,001 - 22,000\t4%\n22,001+\t5%\n\ntax = $?

Answer

Explanation:

Step1: Calculate tax for 0 - 4000 range

$4000\times 0.02=80$

Step2: Calculate tax for 4001 - 22000 range

The amount in this range is $22000 - 4000=18000$. So the tax is $18000\times0.04 = 720$

Step3: Calculate tax for 22001 - 80000 range

The amount in this range is $80000 - 22000=58000$. So the tax is $58000\times0.05=2900$

Step4: Sum up the taxes

$80 + 720+2900=3700$

Answer:

$3700$