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14 November, 20:01

Clarisa's annual gross pay as an account manager is $54,000. If the graduated state tax rate is 1% for the first $5,000 and 3% for amounts over $5,000, what is the amount deducted for state taxes?

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  1. 14 November, 20:25
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    Total taxes = $1,520

    Step-by-step explanation:

    We have two separate calculations for the taxes:

    The tax rate for the first $5,000 of Clarisa's gross pay is 1%, so the amount of tax paid in this case is

    1% * 5000 = $50

    The tax rate for the amount of value over $5,000 (that is, 54,000 - 5,000 = 49,000) is 3%, so the amount of tax is:

    3% * 49,000 = $1,470

    So, the total amount deducted for state taxes is:

    Total taxes = 50 + 1470 = $1,520
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