Question

Hymie Caddiddle is a truck driver who earns $56,000 a year driving cross-country. He is single with no dependents. He pays $2,430 in yearly state taxes. What is the state income tax rate for his state? 6.0% 5.0% 5.5% 4.5%

Answer 1

To determine the percent income tax or the income tax rate of the state given above, we divide the tax payed by the individual by this total earnings. Then, multiply the quotient by 100%.

I = ($2430/$56000)(100%)
I = 4.34%

The closest answer to this is the fourth choice.