erica matthies earns $28,640 per year as a video editor. her personal exemptions include herself and her…

erica matthies earns $28,640 per year as a video editor. her personal exemptions include herself and her husband. the state tax rate in her state is 3.5 percent of taxable income. what amount is withheld yearly for state income tax?

erica matthies earns $28,640 per year as a video editor. her personal exemptions include herself and her husband. the state tax rate in her state is 3.5 percent of taxable income. what amount is withheld yearly for state income tax?

Answer

Explanation:

Step1: Identify the taxable income

The problem only gives the total income of $28,640 and no information about how exemptions affect taxable income. Assuming the given income is taxable income.

Step2: Calculate the tax amount

The tax rate is 3.5% or 0.035 in decimal form. Multiply the taxable income by the tax - rate. Tax amount = $28640\times0.035$. $28640\times0.035 = 1002.4$

Answer:

$1002.4$