Below is a table showing state income tax ratesfrom lowest to highest. In states with graduated rates,
Question:
Below is a table showing state income tax rates—from lowest to highest. In states with graduated rates, the rate shown is for the top tax bracket.
a. Determine the 30th percentile value.
b. Determine the 90th percentile value.
c. Determine the median value.
d. What is the percentile for Colorado’s tax rate? New York’s?
Transcribed Image Text:
Alaska Florida Nevada Rhode Island Georgia Kentucky Louisiana Missourn Kansas W Virginia 5.99 New Hampshine 0 South Dakota 0 Tennessee Texas Washington Wyoming Pennsylvania indiana North Dakota 3.99 Michigan Arizona Colorado New Mexico 4.9 Alabama Illinois Mississippi Utah 6.45 6.5 6.7 6.75 6.84 :Connecticut Delaware Nebraska Montana Arkansas 3.07 3.4 4.35 4.54 :S Carolina N Carolina Wisconsin Idaho Minnesota Maine New York Vermont 7.75 7.75 7.8 7.85 8.5 8.82 8.95 :Oklahoma New Jersey 8.97 Massachus 5.3 Maryland Virginia Ohio 8.98 9.3 9.9 lowa Califomia 5.5 5.75 5.925 : Oregon Hawaii
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a Calculate 15 The 30 th percentile value then will be set halfway between the 15 th and the 16 th v...View the full answer
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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