Answer:
$107.43
Step-by-step explanation:
Here is the complete question: Juliana lives and works in pennsylvania which has a flat state income tax of 3.07%. if her annual salary is $41,995 and if she gets paid once a month how much is withheld from her gross income for state income tax each pay period?
Given: Income tax rate is 3.07%
Annual income= $41,995.
First finding the monthly income of Juliana.
Monthly income= [tex]\frac{Annual\ income}{12}[/tex]
Monthly income= [tex]\frac{41995}{12} = \$ 3499.58[/tex]
∴ Juliana monthly income is $3499.58.
As given income tax rate is 3.07%.
Therefore, income tax paid by Juliana per month= [tex]Income\ tax\ rate \times monthly\ income[/tex]
Subtituting the value in the formula
Income tax paid by Juliana per month= [tex]\frac{3.07}{100} \times 3499.58= \$ 107.43[/tex]
∴ $107.43 is the income tax paid by Juliana.
