Question

Zachary chan annual salary is 48,300. He is paid semimontly. His personal exemptions total $2000. How much does his employer deduct from each chan paycheck for state income tax 4.5 percent

Answer 1

He pays $86.8125 on state income tax on each paycheck

Given that his annual salary is $48,300 and he is being paid semi-monthly.

What is being paid semi-monthly?

Semi-monthly is a style of payment that means being paid twice a month. And being paid twice a month translates to being paid 24 times in a year.

Remember we are asked to calculate the amount he pays to tax on each pay grade. Again, remember he has a $2000 personal exemption.

Total deductible = $48,300 - $2,000 = $46,300

Next, we calculate the tax payment on this payment.

• 4.5% of $46,300 = 0.045 * 46300 = $2083.5

This means that he will pay a total of $2083.5 on tax for the whole year. Since we now know he's being paid 24 times in a year, we proceed to dividing it 24

2083.5/24 = $86.8125

This means he pays $86.8125 on state income tax on every paycheck.

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