An employee had a federal taxable income of 57943. how much state tax is owed if the state rate is 3.15%?

Question

asked Aug 10, 2019 164k views

1 Answer

Umut Tabak · Answer 1 · 2019-08-17T02:27:44+0000

Answer:

Tax = $1,825.20 (rounded up to nearest one cent)

Explanation:

Taxable income is $57,943

Tax rate is 3.15%

Tax = rate/100 × income

Tax =
(3.15)/(100) × 57943 = $1,825.20 (rounded up to nearest one cent)