Question
(a) Annual gross pay-personal exemptions =? (b) Michelle's gross pay is $34,000 per year. The state income tax is 4.5% of taxable wages. Michelle is
(a) Annual gross pay-personal exemptions =?
(b) Michelle's gross pay is $34,000 per year. The state income tax is 4.5% of taxable wages. Michelle is single with two dependents. What amount if withheld annually for Michelle's state income tax?
Personal Exemptions:
Single $1,500
Married $3,000
Each dependent $700/dependent
(c)Lucy is paid semimonthly. Her semimonthly salary is $1,241.80. What is her annual salary?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
