Final answer:
To calculate the federal taxes withheld from Leslie's monthly gross income, divide the annual salary by 12 and then multiply by the tax rate of 30.5%, which results in $1,382.67 withheld per month.
Step-by-step explanation:
The question pertains to calculating the amount of federal tax withheld from Leslie Chan's monthly gross salary as a dance company treasurer. Leslie's annual gross pay is $54,400, and if paid monthly, his gross monthly salary would be $4,533.33 (this is calculated by dividing $54,400 by 12 months). Assuming a federal tax rate of 30.5% (which is a hypothetical rate for the purpose of this calculation), the monthly federal tax withheld from Leslie's salary can be calculated as follows:
Gross monthly salary = Annual gross pay / 12
Monthly federal tax withheld = Gross monthly salary x Federal tax rate
Now applying the values:
Gross monthly salary = $54,400 / 12 = $4,533.33
Monthly federal tax withheld = $4,533.33 x 30.5% = $1,382.67
The dance company would withhold $1,382.67 monthly for federal taxes from Leslie Chan's salary.