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 $70,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 9,000 | 4% |\n| 9,001 - 14,000 | 5% |\n| 14,001+ | 6% |\n\ntax = $?

a certain state uses the progressive tax rate below for calculating individual income tax. calculate the state income tax owed on an $70,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 9,000 | 4% |\n| 9,001 - 14,000 | 5% |\n| 14,001+ | 6% |\n\ntax = $?

Answer

Explanation:

Step1: Calculate tax for first - range

For the income range of $0 - 9000$, the tax rate is $4%$. The tax amount for this part is $9000\times0.04 = 360$.

Step2: Calculate tax for second - range

The income in the range of $9001 - 14000$ is $14000 - 9000=5000$. The tax rate for this part is $5%$, so the tax amount is $5000\times0.05 = 250$.

Step3: Calculate tax for third - range

The income above $14000$ is $70000 - 14000 = 56000$. The tax rate for this part is $6%$, so the tax amount is $56000\times0.06=3360$.

Step4: Calculate total tax

The total state income tax is the sum of the taxes from each range, $360 + 250+3360=3970$.

Answer:

$3970$