Mathematics, 10.12.2020 08:40 kamrulh278
Carl earns an annual salary of $93,646. His personal exemptions total $4,000.00. The
state income tax on taxable wages are 3% of the first $40,000.00, 4.5% on the next
$40,000.00, 7% on any sum over the next $80,000.00. What the TOTAL state tax
per year?
HINT: You can use the table(draw on scratch paper) but you only need to answer the
TOTAL tax for the year.
TAXABLE WAGES
TAX RATE
First $40,000
3%
Next $40,000
4.5%
Over $80,000
7%
TOTAL TAX PER
YEAR
***DO NOT USE $***
***ROUND TO 2 DECIMAL PLACES***
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Carl earns an annual salary of $93,646. His personal exemptions total $4,000.00. The
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