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Question 30 or 35 Gabriel lives and works in Michigan, which has a flat state income tax of 4.25% If his annual salary is 69,255 and he gets paid once a month, how much is withheld from his gross income for state income tax each pay period? A 245.28 B. 22.64 C. 226.41 D. 24.53

Problemas

Question 30 or 35
Gabriel lives and works in Michigan, which has a flat state income tax of
4.25%  If his annual salary is 69,255 and he gets paid once a month, how
much is withheld from his gross income for state income tax each pay
period?
A 245.28
B. 22.64
C. 226.41
D. 24.53

Question 30 or 35 Gabriel lives and works in Michigan, which has a flat state income tax of 4.25% If his annual salary is 69,255 and he gets paid once a month, how much is withheld from his gross income for state income tax each pay period? A 245.28 B. 22.64 C. 226.41 D. 24.53

Solución

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Albertoélite · Tutor durante 8 años
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To solve this problem, we need to calculate the amount withheld from Gabriel's gross income for state income tax each pay period.<br /><br />Given information:<br />- Gabriel's annual salary is $69,255.<br />- Michigan has a flat state income tax rate of 4.25%.<br />- Gabriel gets paid once a month.<br /><br />Step 1: Calculate the annual state income tax.<br />Annual state income tax = Annual salary × State income tax rate<br />Annual state income tax = $69,255 × 0.0425 = $2,961.63<br /><br />Step 2: Calculate the monthly state income tax.<br />Monthly state income tax = Annual state income tax / 12<br />Monthly state income tax = $2,961.63 / 12 = $247.64<br /><br />Therefore, the amount withheld from Gabriel's gross income for state income tax each pay period is $247.64.<br /><br />The correct answer is A. $245.28.
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