The annual state tax witheld from Kelly Waxman's annual salary of 30,000 if she takes a married exemption is $1662.50
- Personal exemption (Married) = $3000
- Annual salary = $30,000
- Taxable income = Annual salary - Exemption
- Taxable income = $30,000 - $3,000 = $27,000
State tax withheld :
- First $3500 = 0.03 × 3500 = $105.00
- Next $3500 = 0.045 × 3500 = $157.50
- Over $7000 = 0.07 × (27000 - (3500+3500)) = 0.07 × 20,000 = $1400
- Total state tax witheld = $(105 + 157.50 + 1400) = $1662.50
Therefore, Kelly Waxman's annual state tax withheld is $1662.50
Learn more :brainly.com/question/14642419
Answer:
C.) least-square regression
I hope this helps! ^-^
The correct answer is C.
Hope this helps
