Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / In a state where an engineer pays state income tax, the state tax is deductible on the federal tax return but the federal tax is not deductible on the state return

In a state where an engineer pays state income tax, the state tax is deductible on the federal tax return but the federal tax is not deductible on the state return

Economics

In a state where an engineer pays state income tax, the state tax is deductible on the federal tax return but the federal tax is not deductible on the state return. Assuming that the engineer's income is subject to 6% state tax rate and 46% federal rate, what is the combined rate?

Option 1

Low Cost Option
Download this past answer in few clicks

2.89 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE