Answered

Find the best answers to your questions with the help of IDNLearn.com's expert contributors. Discover in-depth answers to your questions from our community of experienced professionals.

Harry Parsons' annual salary is $112,600. He pays $4,424 in state taxes annually based on a state tax rate of 4%. What is Harry's marital status, and how many dependents does he claim?

Sagot :

Anthougoidn

Harry Parson's marital status is as a single taxpayer with no dependents.

Parson's taxable income for state taxes is $110,600 ($112,600 - $2,000).

Data and Calculations:

Annual salary = $112,600

Annual state taxes = $4,424

State tax rate = 4%

Taxable income = $110,600 ($4,424/4%)

Personal allowance = $2,000 ($112,600 - $110,600)

Thus, Harry Parson files as a single (unmarried) taxpayer with no dependent but claims a personal allowance of $2,000.

Learn more about state taxes and allowances at https://brainly.com/question/24825609

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.