Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Harry Parsons' annual salary is $112,600. He pays $4,424 in state taxes annually based on a state tax rate of 4%. What is Harry's marital status, and how many dependents does he claim?

Sagot :

anthougo

Harry Parson's marital status is as a single taxpayer with no dependents.

Parson's taxable income for state taxes is $110,600 ($112,600 - $2,000).

Data and Calculations:

Annual salary = $112,600

Annual state taxes = $4,424

State tax rate = 4%

Taxable income = $110,600 ($4,424/4%)

Personal allowance = $2,000 ($112,600 - $110,600)

Thus, Harry Parson files as a single (unmarried) taxpayer with no dependent but claims a personal allowance of $2,000.

Learn more about state taxes and allowances at https://brainly.com/question/24825609

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.