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Gross Pay: $64,500 Exemptions: $6,000 Tax rate: 6.125% What is the tax withheld?

a. $3,933.75
b. $3,750
c. $3,937.50
d. $375

1 Answer

5 votes

Final answer:

The tax withheld on a gross pay of $64,500 with $6,000 exemptions at a 6.125% tax rate is $3,585.62. The question options provided do not match this calculation.

Step-by-step explanation:

To calculate the tax withheld from a gross pay of $64,500 with exemptions of $6,000 at a tax rate of 6.125%, you need to find the taxable income first. The taxable income is the gross pay minus the exemptions: $64,500 - $6,000 = $58,500. You then apply the tax rate to this amount to find the tax withheld: $58,500 * 6.125% = $3,585.62.

The options provided do not include this calculation result, which suggests there might be a typo or a mistake in the figures or the options given. However, considering the values provided in the question, none of the options (a. $3,933.75, b. $3,750, c. $3,937.50, d. $375) accurately reflect the correct tax deducted based on the given figures.

User Matan H
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