Question

Kathy Whitfield earns $2,732 biweekly. She claims 2 personal exemptions and no dependent exemptions. How much is withheld from her paycheck for Marion County tax (2.02%)?

A) $54.96

B) $55.20

C) $55.40

D) $55.60

Answer 1

To calculate the amount withheld from Kathy Whitfield's paycheck for Marion County tax, multiply her biweekly earnings by 2.02%.

Step-by-step explanation:

To calculate the amount withheld from Kathy Whitfield's paycheck for Marion County tax, we need to find 2.02% of her biweekly earnings.

First, we need to find the amount Kathy earns in a year by multiplying her biweekly earnings by 26 (number of biweekly periods in a year). 2,732 x 26 = $71,032.

Next, we calculate the Marion County tax by multiplying Kathy's annual earnings by 2.02%: $71,032 x 0.0202 = $1,436.0464. Rounded to the nearest cent, the amount withheld from Kathy's paycheck for Marion County tax is $1,436.05.

Therefore, the correct answer is A) $54.96.