Question

In Georgia, income tax is determined based on a person’s

A.average income.
B.income minus sales tax paid.
C.income and personal wealth.
D.yearly income.

Answer 1

taxable income. The taxable income is calculated by subtracting personal exemptions and either the standard deduction or itemized deductions from gross income. The remaining amount is the person’s taxable income, which is then used to determine the amount of tax owed. Georgia's income tax rates are progressive, which means that higher earners pay a higher percentage of their income in taxes than lower earners. Do you have any other questions about Georgia's income tax?