Question

Grayson lives and works in indiana which has a flat state income tax of 3.4%. if his annual salary is $49,255 and he gets paid once a month, how much is withheld from his gross income for state income tax each pay period​

Answer 1

Answer it's $139.55.

Step-by-step explanation:

Answer 2

$139.56

Step-by-step explanation:

Flat income tax rate is 3.4% and the annual salary is $492255

Tax rate*annual salary

= 0.034 × 49255

Yearly income deducted = $1674.67

Yearly deducted income is divided by 12 to get monthly deducted income

=$1674.67/12

= $139.56

So the correct answer is $139.56