Question

4. Kiefer Davis is an architect earning $148,800 a year. He is married and is paid on a biweekly basis. How much is withheld from each paycheck for state taxes?

Answer 1

There are 52 weeks in a year

Kiefer is paid biweekly , then is paid 52/2 = 26 times in a year

then is paid 148,800/26 = 5723 biweekly

then because is over $5000 , it means tax is 5%

Kiefer is married, so then personal allowance amount is $4000

then obtain how much is withheld

find 5% of 5000 is = $ 250

now 5% of 5723 is =$286.15

now substract (5723-4000) = 1723

finally add both numbers 1723 + 286.15 = 2009.15

$2009.15 dollars are withheld from each paycheck.