Question

Leslie Chan's annual gross pay as a dance company treasurer is $54,400. He is single and receives his pay on a monthly basis. How much does the dance company withhold from his wages monthly for State tax?

Answer 1

To determine the monthly state tax withholding from Leslie Chan's salary, divide the annual gross salary by 12 to find the monthly gross, and then apply the state tax percentage to get the withholding amount. Without the specific state tax rate, the exact amount cannot be calculated.

Step-by-step explanation:

The question is asking for the calculation of monthly state tax withholding based on an annual gross pay. Leslie Chan earns an annual gross pay of $54,400, and since state tax rates vary depending on the state, we will use a generic percentage for this example. To calculate monthly earnings, divide the annual gross pay by 12 months. Then, apply the state tax percentage rate to find out the amount withheld for state tax.

If we were to assume, for instance, a state tax rate of 5%, the calculation would be as follows:

• Monthly gross pay: $54,400 / 12 = $4,533.33
• Monthly state tax withholding: $4,533.33 * 0.05 = $226.67

However, without the specific state tax rate, we cannot provide the exact amount withheld for state tax from Leslie's monthly earnings.