Answered

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HELP!

Henry's taxable income is $44,200. Find his state income tax if he pays $2,800 plus 7% of his taxable
income over $40,000

Sagot :

Samawati

Answer:

$5,894

Explanation:

If Henry's taxable income is above $40,000, he pays 7% of the taxable income plus $2800

Henry's income =$44,200

taxable income will be 7% of $44,200 + $2800

=(7/100 x $44,200) + $2800

=0.07 x $44,200 + $2800

=$3,094 + $2800

=$5,894

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