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4 votes
Andrew’s gross pay is $58,000. He takes a single exemption of $2,000. His state income tax rate is 3.8%. How much will he pay in state income tax?

User Malkassem
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2 Answers

4 votes
58,000 - 2,000 = 56,000

0.038(56,000) = $ 2128 <==
6 votes

Answer: $2,128

Explanation:

Given: Andrew’s gross pay = $58,000

The single exemption made by Andrew= $2,000

Therefore, Andrew’s taxable income =
\$58,000-\$2,000=\$c

The state income tax rate = 3.8% =0.038

Now, the amount he will pay as state income tax =
0.038*56,000=\$2,128

Therefore, the amount he will pay as state income tax =$2,128

User Serj Sagan
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