Question by Summer Clouds - Discuss with MathYouLike

Summer Clouds moderators

21/11/2017 at 10:24

A state income tax rate is 2 % of the first $12,000 of taxable income, 3 % of the next $16,000 and 6% of any amount beyond this. What persent of a taxable income of $48,000 would be paid in state tax?

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Falcon No Wing 23/11/2017 at 20:33

WE would pay 16.000 : 100 .102 =16.320 for first 16000

AND we would pay: (48.000-16.000):100.106=33.920 for last 48.000-16.000=32.000

SO we would pay :16320+32920=49.290($) for it and the tax is 49.290-48.000=1.290$

Can I ask what is your nationality?

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