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What is the state tax amount Monica Mooney has to pay annually if her earnings are $63,840 and the state tax rate is 4 percent?

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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

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