Question

LaDonna earns $104,400 per year, is married, and has 1 dependent.Thestate taxrate is 4.6% What is the amount withheld yearly for state incometax? Use theinformation below. Write you answer as $#,###.## ExemptionsSingle $1,500 Married$3,000 Each Dependent$1,500 *

Answer 1

$4595.40

Step-by-step explanation:

LaDonna's yearly income = $104,400

Since LaDonna is married, exemption for a married person = $3,000

Exemption for 1 dependent = $1,500

Therefore, taxable income

=104,400-(3000+1500)

=104,400-4500

=99,900

Since the state's tax rate is 4.6%, the amount withheld yearly for state income tax

=4.6% of 99,900

=0.046 x 99,900

=$4595.40