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NJ State Tax Calculator

NJ State Tax Calculator. In New Jersey State there are 3 tax bands People who earn less than or equal to $20K are taxed at the rate of 2% People who earn more than $20K but less than or equal to $50K pay tax at the rate: $400 + [(Gross Income – $20K) * 2.5%]

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NJ State Tax Calculator

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  1. NJ State Tax Calculator • In New Jersey State there are 3 tax bands • People who earn less than or equal to $20K are taxed at the rate of 2% • People who earn more than $20K but less than or equal to $50K pay tax at the rate: $400 + [(Gross Income – $20K) * 2.5%] • People who earn more than $50K pay tax at the rate: $1150 + [(Gross Income – $50K) * 3.5%] • Create a program that will allow the user to enter in their Gross Annual Income and calculate the Tax they are due to pay

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