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An Aribraska resident who earns $32,000 would owe how much in taxes?.

Sagot :

anthougo

An Aribraska resident who earns $32,000 would owe $1,300 in taxes.

Data and Calculations:

Resident's annual earnings = $32,000

Tax Rates:

Residents pay 3% on the first $15,000 of income.

The next $25,000 earned is taxed at a rate of 5%.

Any money earned above $40,000 is taxed at 7%.

The resident will pay $1,300 ($15,000 x 3% + $17,000 x 5%) in annual tax.

Thus, an Aribraska resident who earns $32,000 would owe $1,300 in taxes.

Learn more about tax liability https://brainly.com/question/15521349

Answer:

A

Explanation:

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