Final answer:
To calculate the state tax amount Monica Mooney has to pay annually, we can multiply her earnings by the state tax rate. Monica's earnings are $63,840 and the state tax rate is 4 percent. Therefore, the state tax amount Monica Mooney has to pay annually is $2,553.60.
Step-by-step explanation:
To calculate the state tax amount Monica Mooney has to pay annually, we can multiply her earnings by the state tax rate.
Monica's earnings are $63,840 and the state tax rate is 4 percent.
To find the state tax amount, we can use the formula:
State tax amount = Earnings * State tax rate
Substituting the given values, the state tax amount Monica Mooney has to pay annually is:
State tax amount = $63,840 * 0.04 = $2,553.60