Question
Marlena Rodriguez's annual salary is $67,500. Her personal exemptions total $1,500. The annual tax withheld is: 2.5 percent of the 1st $1,000, 3.0 percent of
Marlena Rodriguez's annual salary is $67,500. Her personal exemptions total $1,500. The annual tax withheld is: 2.5 percent of the 1st $1,000, 3.0 percent of the next $2,500, 4.5 percent of the next $2,000, and 8.0 percent over $5,000. How much is deducted annually from her salary for state income tax?
| a | $3,125.00 |
| b | $267.92 |
| c | $5,030.00 |
| d | $3,215.00 |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
