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4. Carl Swift's annual gross pay is $45,500. He has exemptions of $3,000. The state tax on the first $2,500 is 1.5% and 3% on
4. Carl Swift's annual gross pay is $45,500. He has exemptions of $3,000. The state tax on the first $2,500 is 1.5% and 3% on amounts over $2,500. Find the tax withheld from his state income tax
Exemptions (2020) Single-$12,400. Married(separately)-$12,400. Married jointly)- $24,800. Each dependent - $4,300 Graduated State Income Tax Table (2020) First $5,500: 1.7% Next $5,500: 3.2% Next $11,000: 4.7% Over $16,500: 4.9%Step by Step Solution
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