Question

Tiana is a princess who had a vision for her life and with courage and a willingness to take risks for her goal, she accomplished them. Last year, Tiana earned $155,555 as a restaurateur in New Orleans, Louisiana. She is married and claims 3 dependents; she paid $5,512.09 in state income taxes last year. What is the state income tax rate in Louisiana?

Answer 1

Answer: 3.5435%

Explanation:

Tiana's earnings = $155,555

State income tax paid = $5512.09

The State income tax rate will be calculated as:

State income tax/Tiana's earnings × 100%

= $5512.09/$155555 × 100%

= 0.035435 × 100%

= 3.5435%