Amount of Tax

Amount of Tax. The amount of tax imposed by 4 CMC §§ 1201 and 1202 shall be determined in accordance with the following schedule: If the total yearly wages or The tax on the total yearly wages and total yearly earnings are: salaries or total yearly earnings is: (a) $0 to $1,000 No tax. (b) $1,001 to $5,000 Two percent of the amount over $0. (c) $5,001 to $7,000 Three percent of the amount over $0. (d) $7,001 to $15,000 Four percent of the amount over $0. (e) $15,001 to $22,000 Five percent of the amount over $0. (f) $22,001 to $30,000 Six percent of the amount over $0. (g) $30,001 to $40,000 Seven percent of the amount over $0. (h) $40,001 to $50,000 Eight percent of the amount over $0. (i) Over $50,000 Nine percent of the amount over $0. Source: PL 9-22, § 1 (§ 1204), modified. Commission Comment: The Commission redesignated the last subsection (designated “(k)” in PL 9-22, § 1 (§ 1204)) as subsection (i), correcting a typographical error.