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The 5% of 5800$ is 5800x5/100=290$

So your tax is 290$+100$=390$ wrong the 5% is only applicable to the $1300 from 4500 to 5800 which would = $65 plus the 100 = 165 5800-4500=1300 .05 * 1300= 65 65+100=165

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Q: If your taxable income is form 4000-7499 your tax is 100 plus 5 percent of any amount above 4500 how much tax in dollars is due on a taxable income of 5800?

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The basic rate for Maryland taxes is two percent of the taxable income. This is the rate for when the amount of taxable income is less than one thousand dollars.

How about this amount 1300 X .05 = 65 + 100 = 165

$100.00 plus 5% of $1300.00 = $100.00 + $65.00 = $165.00

So you have 100 plus 5 percent of the amount over 4000. 2999 X .05 WOULD BE 120 PLUS THE 100 WOULD 220 CORRECT.

The amount of taxable inheritance depends on the entire estate. If the amount of the estate that the 60,000 was inherited from is over 2 million dollars then the income is taxable. If the estate was worth less then that then there are no taxes on the estate.

Your tax would be $165.00. (5800-4500=1300 X .05=65+100=165.00)

iF YOUR TAXABLE INCOME IS FROM $4,000.00-$7,499.00 YOUR TAX IS $100 PLUS 5% of any amount $4,500.00

141 dollars is 47% of $300.00

No. it is not taxable

5% of 1105 dollars = 55.25 dollars.

You would reduce the amount by 30.25 dollars - leaving you with 90.75 dollars.

its 33.33% grater than 135 dollars

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