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CAN SOMEONE HELP ME?

Bode Chambers is a flight attendant with an annual gross pay
of $54,400. He is single and is paid on a monthly basis. How
much is withheld monthly for state taxes?

CAN SOMEONE HELP ME? Bode Chambers is a flight attendant with an annual gross pay-example-1
User Chong Luo
by
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1 Answer

5 votes

Answer:

$750.00

Explanation:

$54,400 ÷ 12 = $4366.66

the first $1000, is taxed at 1.5%

1000 × .15 = $150.00

that leaves Bode with $3366.66 of taxable income.

the first $2000.00 is taxed at 3%.

2000 × .3 = $600.00

leaving $1366.00 of non-taxable income. since it's below a second $2000, Bode's state has squeezed out as much as legally allowed from his paycheck.

$150.00 + $600.00 = $750.00

Bode should move to a less greedy state.

User Alonblack
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4.6k points