Clarisa's annual gross pay as an account manager is $54,000. If the graduated state tax rate is 1% for the first $5,000 and 3% for amounts over $5,000, what is the amount deducted for state taxes?

Respuesta :

Answer:

Total taxes = $1,520

Step-by-step explanation:

We have two separate calculations for the taxes:

The tax rate for the first $5,000 of Clarisa's gross pay is 1%, so the amount of tax paid in this case is

1% * 5000 = $50

The tax rate for the amount of value over $5,000 (that is, 54,000 - 5,000 = 49,000) is 3%, so the amount of tax is:

3% * 49,000 = $1,470

So, the total amount deducted for state taxes is:

Total taxes = 50 + 1470 = $1,520