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6. You are married and claims 3 dependents. If your employer withholds $3,240 for state income tax annually, find your monthly salary. (use married exemptions
6. You are married and claims 3 dependents. If your employer withholds $3,240 for state income tax annually, find your monthly salary. (use married exemptions $4,000 and each dependent $2,000, Tax rate is 5%; Tax for the first $5,000 is $165).
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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