Ellen Newman has an income of $18,150 and claims 5 exemptions. The amount allowed for each exemption is $1,000. Her state tax is

Question

GrogVix [38]

3 years ago

10

Ellen Newman has an income of $18,150 and claims 5 exemptions. The amount allowed for each exemption is $1,000. Her state tax is

5%. How much state tax must be withheld this year?

Mathematics

1 answer:

Vanyuwa [196] · Answer 1 · 2022-02-02T08:26:41+03:00

Vanyuwa [196]3 years ago

3 0

State tax is computed by first subtracting the amount of exemptions (5*$1000=$5000) from annual income and then multiplying it by the state tax.

($18150-$5000)*5%= $657.50