Question

Bob is a bus driver, and his monthly salary is $1510. If the New York State income tax rate is 6.45%. How much did the money deduct from his salary? What was the salary for Bob after the income tax?

Answer 1

i. $97.4

ii. $1412.6

Explanation:

step one:

given data

Bob's monthly salary is $1510

tax= 6.45%

Required

The deduction and his take-home salary

Step two:

let us compute the deduction

=6.45/100*1510

=0.0645*1510

=$97.4

Let us compute his take home

=monthly salary- tax deduction

=$1510-$97.4

=$1412.6