Carol is a pet groomer whose yearly gross pay is $45,000. Her exemptions total $4,000 and the state tax rate is 3.5%. How much does she pay in state taxes each month?

Respuesta :

Answer:

  $119.58

Step-by-step explanation:

We expect Carol's annual tax bill to be the difference of her pay and exemption, multiplied by the tax rate:

  annual tax = ($45,000 -4,000) × 0.035 = $1,435

Then her monthly tax bill will be 1/12 of this:

  monthly state tax = $1435/12 = $119.58

Carol pays $119.58 in state taxes each month.