Amanda Sabino's taxable income is $20,900.00. How much will she pay in state tax?

Tax Table-
First $2,000: 2.0% rate
Next $4,000: 3.0% rate
Next $4,000: 4.5% rate
Over $10,000: 6.0% rate

My answer-$1254

Am I correct? Thank you!!

I don't think so. The tax rates are applied only to a portion of eligible income. Only the amount over $10K is taxed at 6%

.02*2000 + .03*4000 + .045*4000 + .06(20900-10000) = 994

Well, Amanda Sabino is in luck because she gets a free pass on the first $2,000 of her income! So for the remaining $18,900, let's break it down:

- The next $4,000 will be taxed at a 3.0% rate, which is $120.
- The next $4,000 after that will be taxed at a 4.5% rate, which is $180.
- Lastly, the remaining $10,900 will be taxed at a 6.0% rate, which is $654.

Now, let's add them all up: $120 + $180 + $654 = $954.

So, it seems like we have a little discrepancy. According to my calculations, Amanda Sabino will pay $954 in state tax, not $1254. Maybe it's time to double-check the math or ask an expert, just to be sure. Keep those funny questions coming!

To calculate Amanda Sabino's state tax, we'll need to calculate the tax owed for each income bracket and then add them up.

First $2,000 at a 2.0% tax rate: $2,000 * 0.02 = $40
Next $4,000 at a 3.0% tax rate: $4,000 * 0.03 = $120
Next $4,000 at a 4.5% tax rate: $4,000 * 0.045 = $180
Remaining income over $10,000 at a 6.0% tax rate: ($20,900 - $10,000) * 0.06 = $656

Now, let's add up the tax owed for each bracket:
$40 + $120 + $180 + $656 = $996

Therefore, based on the given tax rates and taxable income of $20,900.00, Amanda Sabino will pay $996 in state tax, not $1254.

To calculate Amanda Sabino's state tax, we need to determine the tax amount for each tax rate bracket and add them together.

First, we find the tax amount for the first $2,000 at a 2% rate:
Tax amount for the first $2,000 = $2,000 * 2% = $40.00

Next, we find the tax amount for the next $4,000 at a 3% rate:
Tax amount for the next $4,000 = $4,000 * 3% = $120.00

After that, we find the tax amount for the next $4,000 at a 4.5% rate:
Tax amount for the next $4,000 = $4,000 * 4.5% = $180.00

Lastly, to calculate the tax amount for the remainder over $10,000 at a 6% rate, we subtract $10,000 from Amanda's taxable income of $20,900:
Taxable income over $10,000 = $20,900 - $10,000 = $10,900
Tax amount for the taxable income over $10,000 = $10,900 * 6% = $654.00

Now, let's add up all the tax amounts:
$40.00 + $120.00 + $180.00 + $654.00 = $994.00

Therefore, Amanda Sabino will pay $994.00 in state tax, not $1254.00 as you mentioned in your answer.