QUESTION IMAGE
Question
- rebecca lynes gross pay as a personal trainer is $55,800 a year. the state income tax rate is 3% of taxable wages. rebecca takes a married exemption. how much is withheld from rebeccas yearly gross earnings for state income tax? (lesson 2.2)
Step1: Identify the formula
The amount of state - income tax withheld is calculated by multiplying the gross pay by the tax rate. The formula is $Tax\ amount = Gross\ pay\times Tax\ rate$.
Step2: Convert the percentage to a decimal
The tax rate is 3%, which is $0.03$ in decimal form.
Step3: Calculate the tax amount
We have the gross pay $G = 55800$ and the tax rate $r=0.03$. So, $Tax\ amount=55800\times0.03$.
$55800\times0.03 = 1674$.
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$1674$