Question

Sing Wu's annual gross pay is $51,400. He takes a married exemption of $4,000. Hisstate income tax rate is 3.5 percent. How much will he pay annually in state tax?

Answer 1

total income is = 51400 $

exemption is = 4000$

so net amount for tax is = 51400 - 4000 = 47,400 $

now 3.5 % of 47,400 as tax is

`47400*(3.5)/(100)=1659`

so he will pay 1659 $ as annual tax.