If someone paid $59.00 on their taxable income with a state income tax rate of 6%, determine the amount of their taxable income.

To determine the amount of taxable income, we need to reverse calculate based on the given information. We know that the person paid $59.00 in state income tax at a rate of 6%.

To find the taxable income, we can use the formula:

Taxable Income = Total Tax Paid / Tax Rate

Let's substitute the values into the formula:

Taxable Income = $59.00 / 0.06

To evaluate the division, we divide $59.00 by 0.06:

Taxable Income ≈ $983.33

Therefore, the approximate taxable income would be $983.33.

If someone paid $59.00 on their taxable income with a state income tax rate of 6%, determine the amount of their taxable income.

To determine the amount of taxable income, we need to reverse calculate based on the given information. We know that the person paid $59.00 in state income tax at a rate of 6%.

.06x = 59.00

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$59.00 divided by 0.6