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 $40,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 4,000 | 2% |\n| 4,001 - 22,000 | 4% |\n| 22,001+ | 5% |\n\ntax = $?

a certain state uses the progressive tax rate below for calculating individual income tax. calculate the state income tax owed on an $40,000 per year salary.\n\n| income range ($) | progressive tax rate |\n| ---- | ---- |\n| 0 - 4,000 | 2% |\n| 4,001 - 22,000 | 4% |\n| 22,001+ | 5% |\n\ntax = $?

Answer

Explanation:

Step1: Calculate tax for first - range

The first income range is $0 - 4000$ with a $2%$ tax rate. The amount in this range is $4000$. The tax for this part is $4000\times 0.02=80$.

Step2: Calculate tax for second - range

The second income range is $4001 - 22000$ with a $4%$ tax rate. The amount in this range is $22000 - 4000=18000$. The tax for this part is $18000\times0.04 = 720$.

Step3: Calculate tax for third - range

The third income range is $22001+$. The amount in this range is $40000 - 22000=18000$. The tax for this part is $18000\times0.05=900$.

Step4: Calculate total tax

The total tax is the sum of the taxes from each range, so $80 + 720+900=1700$.

Answer:

$1700$