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 $60,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 26,000 | 1% |\n| 26,001 - 46,000 | 3% |\n| 46,001+ | 4% |\n\ntax = $?

a certain state uses the progressive tax rate below for calculating individual income tax. calculate the state income tax owed on an $60,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 26,000 | 1% |\n| 26,001 - 46,000 | 3% |\n| 46,001+ | 4% |\n\ntax = $?

Answer

Explanation:

Step1: Calculate tax for first - range

The first income range is $0 - 26000$ with a $1%$ tax rate. The tax for this range is $26000\times 0.01=260$.

Step2: Calculate tax for second - range

The second income range is $26001 - 46000$ with a $3%$ tax rate. The amount in this range is $46000 - 26000=20000$. The tax for this range is $20000\times0.03 = 600$.

Step3: Calculate tax for third - range

The income is $60000$. The amount in the third range ($46001+$) is $60000 - 46000=14000$. The tax for this range is $14000\times0.04=560$.

Step4: Calculate total tax

The total state income tax is the sum of the taxes from each range, so $260+600 + 560=1420$.

Answer:

$1420$