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4 votes
4 votes
Help pls!!!

Amy earns an annual salary of $68,500 and is paid bi-weekly. She is in the
22% Federal Income Tax Bracket and lives in a state with a 4.5% State
Income Tax. How much in Federal Income Tax is Amy paying per paycheck?
a)$256.88
b)$579.62
c)$627.92
d)$1,255.83

Help pls!!! Amy earns an annual salary of $68,500 and is paid bi-weekly. She is in-example-1
User Vishal Wadhawan
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1 Answer

4 votes
4 votes

Answer:

The correct answer is B. $579.62.

Step-by-step explanation:

Given that Amy earns an annual salary of $ 68,500 and is paid bi-weekly, and she is in the 22% Federal Income Tax Bracket and lives in a state with a 4.5% State Income Tax, to determine how much in Federal Income Tax is Amy paying per paycheck, the following calculation must be performed:

Every year has 52 weeks, that is, 26 bi-weeks (56/2).

(68,500 / 26) x 0.22 = X

2,634.61 x 0.22 = X

579.6153 = X

Thus, Amy is paying $ 579.62 in Federal Income Tax per paycheck.

User Lev Dubinets
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