Question

Mark lives in a state that charges him 6.1% income tax on his federal taxable income. If his federal taxable income is $79,400, how much does Mark pay in state income tax? a. $5,280.15 b. $1,270.40 c. $4,045.66 d. $4,843.40

Answer 1

$4,843.40

Step-by-step explanation:

Answer 2

Answer: d. $4,843.40

Step-by-step explanation:

The amount of state income tax that Mark has to pay can be calculated with the following formula:

tax amount = (% income tax / 100) X total income

In this case, Mark has a total income of $79,400, while the % income tax is 6.1%, therefore the total amount of tax that Mark has to pay is

tax amount = (6.1 / 100) x $79,400 = $4,843.40