Question

Question 10 of 10 Grayson lives and works in Indiana, which has a flat state income tax of 3.23%. If his annual salary is $49,255 and he gets paid once a month, how much is withheld from his gross income for state income tax in each pay period?Grayson lives and works in Indiana, which has a flat state income tax of 3.23%. If his annual salary is $49,255 and he gets paid once a month, how much is withheld from his gross income for state income tax in each pay period?

Answer 1

Grayson’s monthly gross income is $4,104 ($49,255/12).

To calculate the amount of state income tax withheld from his gross income in each period, you can multiply his monthly gross income by the flat state income tax rate of 3.23%.

$4,104 x 3.23% = $132.67

Therefore, $132.67 is withheld from Grayson’s gross income in each period.