Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

5. You earn an annual salary of $48,500 paid monthly. You are single and claims 2 dependents. What amount is deducted each pay period for

5. You earn an annual salary of $48,500 paid monthly. You are single and claims 2 dependents. What amount is deducted each pay period for graduated state income tax?

image text in transcribed

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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Oxford Handbook Of State Capitalism And The Firm

The Oxford Handbook Of State Capitalism And The Firm

Authors: Mike Wright, Geoffrey T. Wood, Alvaro Cuervo-Cazurra, Pei Sun, Ilya Okhmatovskiy, Anna Grosman

1st Edition

0198837364, 978-0198837367

More Books

Students also viewed these Finance questions

Question

★★★★★

Put each of the following goods or services into one of the categories shown in Figure 5.7 on page 166. That is, categorize them as private goods, public goods, quasi-public goods, or common...

Answered: 1 week ago

Question

★★★★★

What are three types of business communication? AppendixLO1

Answered: 1 week ago

Question

★★★★★

Given this complexity of interacting variables in human sciences, to what extent is it even possible to single out identiable causes? Is reductionism the only way to identify such causes? How are...

Answered: 1 week ago

Question

★★★★★

A 20.0-m-long uniform beam weighing 550 N rests on walls A and B, as shown in Fig 9-80 (a) Find the maximum weight of a person who can walk to the extreme end D without tipping the beam. Find the...

Answered: 1 week ago

Question

★★★★★

A loan of $ 3 4 , 3 0 0 . 0 0 at 6 . 5 0 % compounded semi - annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years. a . Calculate the size of the...

Answered: 1 week ago

Question

★★★★★

The following information is available for Bridgeport Hotel Supplies Ltd. regarding a recent contract with a customer: Selling price Estimated returns Amount of available cash discount Cost of goods...

Answered: 1 week ago

Question

★★★★★

Use synthethic division to determine is number K is a zero of F{.'x} f(a:)= 2$4=w33$+4;k=2 use synthetic division to determine if the number K is a zero of the Possible answers: a. yes is a zero b....

Answered: 1 week ago

Question

★★★★★

Statue Corporation's balance sheet at January 1, 20X7, reflected the following balances Assets Cash & Receivables Inventory Land Income Taxes Payable $ 82,000 135,000 67,000 Bonds Payable Buildings &...

Answered: 1 week ago

Question

★★★★★

On June 1, 2024, Ivanhoe, Inc. issued $6,880,000, 6% bonds for $6,743,260, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on...

Answered: 1 week ago

Question

★★★★★

Suppose a firm's net income is $200 and its profit margin is 10%. If the firm is working at 2/3 capacity, then full capacity sales is: A. $1,500 B. $3,000 O C. $1,000 D. $2,000 E. $2,500

Answered: 1 week ago

Question

★★★★★

Myrtle took out a 3-year loan for $2050 at a computer retailer to be paid back with monthly payments at a 12% APR, compounded monthly. If the loan offers no payments for the first 5 months, about how...

Answered: 1 week ago

Question

★★★★★

List and explain the seven standard parts of a letter. (Objective 1)

Answered: 1 week ago

Question

★★★★★

What formatting guidelines should be followed if a letter is too long to fit onto one page? (Objective 1)

Answered: 1 week ago

Question

★★★★★

Ethics.Teamwork. In a group of three to five students, research on the Internet how blogs and instant messaging are being used in business. As a class, discuss your findings. (Objective 4)

Answered: 1 week ago

Previous Question Next Question