Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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 you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.