Question

Juliana lives and works in Pennsylvania, which has a flat state income tax of 3.07%. If her annual salary is $41,995 and she gets paid once a month, how much is withheld from her gross income for state income tax each pay period?

Answer 1

$107.437   If instructor requests rounding, round it to $107.44

Answer 2

Answer: 107.44 ( approx )

Step-by-step explanation:

Since, her total annual income = 41995

⇒ $\text{Her monthly income}=\frac{\text{ Annual income} }{12}$

$=\frac{41995}{12}$

Since, the tax rate per month = 3.07%

Thus, the total income tax she paid per month = 3.07 % of her monthly salary,

= $3.07\%\text{ of }\frac{41995}{12}$

= $\frac{3.07}{100}\times \frac{41995}{12}$

= $\frac{128924.65}{1200}$

= $107.437208\approx 107.44$