Boden's account has a principal of $700 and a simple
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$ 2772 is paid in state income tax
<em><u>Solution:</u></em>
Given that, Tina lives in a state that charges her 4.5% state income tax on her federal taxable income
Federal taxable income = $61,600
<em><u>To find: Amount paid by Tina in state income tax</u></em>
Tax rate = 4.5 %
<em><u>Which means, 4.5 % of $61,600 is paid as tax</u></em>
Here, "of" means multiplication or product
Thus $ 2772 is paid in state income tax