Question

juliana lives and works in pennsylvania which has a flat state income of 3.07%. if her annual salary is $41,995 and if she gets paid once a month how much is withheld from her gross income for state income tax each pay period?

Answer 1

It's $107.43

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Answer 2

$107.43

Explanation:

Here is the complete question: Juliana lives and works in pennsylvania which has a flat state income tax of 3.07%. if her annual salary is $41,995 and if she gets paid once a month how much is withheld from her gross income for state income tax each pay period?

Given: Income tax rate is 3.07%

Annual income= $41,995.

First finding the monthly income of Juliana.

Monthly income=
`(Annual\ income)/(12)`

Monthly income=
`(41995)/(12) = \$ 3499.58`

∴ Juliana monthly income is $3499.58.

As given income tax rate is 3.07%.

Therefore, income tax paid by Juliana per month=
`Income\ tax\ rate * monthly\ income`

Subtituting the value in the formula

Income tax paid by Juliana per month=
`(3.07)/(100) * 3499.58= \$ 107.43`

∴ $107.43 is the income tax paid by Juliana.