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Question

Ta-pei Han's taxable income last year was $73,840. His state's income tax rate is 4. 7 % of taxab le income. The city in which he works also applies an income tax of 2 % on taxable income earned in the city. What total state and city income taxes did Ta-pei pay last year?

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 6For this exercise, we calculate the total * state and city income taxes* for Ta-pei Han's annual income of $\$73,840$. The state tax rate is given to be $4.7\%$ and the city tax rate is $2\%$.

*What can we do with both tax rates to calculate the total tax?*

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