based on his salary, kevin knows that he will have $336.00 withheld from his paycheck for federal income…

based on his salary, kevin knows that he will have $336.00 withheld from his paycheck for federal income tax. he would like to have approximately $70.00 withheld for state income tax. which of the following withholding options should he choose for state income tax?\na. 18% of federal income tax\nb. 21% of federal income tax\nc. 25% of federal income tax\nd. 29% of federal income tax\nplease select the best answer from the choices provided

based on his salary, kevin knows that he will have $336.00 withheld from his paycheck for federal income tax. he would like to have approximately $70.00 withheld for state income tax. which of the following withholding options should he choose for state income tax?\na. 18% of federal income tax\nb. 21% of federal income tax\nc. 25% of federal income tax\nd. 29% of federal income tax\nplease select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate 18% of federal income tax

$336\times0.18 = 60.48$

Step2: Calculate 21% of federal income tax

$336\times0.21=70.56$

Step3: Calculate 25% of federal income tax

$336\times0.25 = 84$

Step4: Calculate 29% of federal income tax

$336\times0.29=97.44$

Answer:

B. 21% of federal income tax