Question

Which of the following statements best describes the relationship between federal and state income taxes?

a.
State income tax is based on your annual income while federal income tax is generally a specific percentage of state.
b.
Federal income tax is based on your annual income while state income tax is generally a specific percentage of federal.
c.
Federal income tax is based on your annual income while state income tax is determined by the number of children the taxpayer has
d.
There is no relationship between federal and state income taxes. They are calculated indepedently from one another.

Answer 1

The answer is B

Explanation:

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Answer 2

The correct answer is option B.

Which of the following statements best describes the relationship between federal and state income taxes?

Option b. Federal income tax is based on your annual income while state income tax is generally a specific percentage of federal.