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18 January, 17:10

Illinois has a flat income tax rate of 5.00%. How much state income tax, in dollars, does a person with a taxable income of $60,000 owe? Round your answer to the nearest dollar.

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  1. 18 January, 17:19
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    We need to compute 5% out of $60K.

    Tax: 5%*60000=5/100*60000=5*600=$3000

    Answer: $3000
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