9514 1404 393
Answer:
$4224
Step-by-step explanation:
An easy way to calculate the tax is using the simplified formula ...
tax = (income × 0.054) -$96
tax = $80000 × 0.054 -96 = $4320 -96 = $4224 . . . state tax on $80,000
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Additional information can be found at ...
https://brainly.com/question/24664298
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The tax table computation would be ...
tax = (first bracket tax) + (second bracket tax) + (third bracket tax)
tax = 2000 × 0.02 + (9000 -2000) × 0.05 + (80000 -9000) × 0.054
= 80000 × 0.054 -9000(0.054 -0.05) -2000(0.05 -0.02)
= 80000 × 0.054 -9000 × 0.004 -2000 × 0.03
= 80000 × 0.054 - 36 - 60
= 80000 × 0.054 -96
The process of going through the simplification is only useful if you need to make more than one tax calculation.
