Question

Use the table below to determine the amount withheld yearly for state income tax.

Wayne Anthony earns $36,200 annually. He is married and supports 2 children. The state tax rate in his state is 4% of taxable income.

Group of answer choices

$1,128

$965

$760

$1,800

Answer 1

The amount withheld yearly for state income tax is $1,128

How much can Wayne Anthony claim as tax deductions?

Wayne Anthony is married which entitles him to $4,000 personal allowance and his two dependents are also entitled to $2,000 each, in other words, his total tax deductions is $8,000(i.e. $4,000+$2000+$2000)

Taxable income=total earnings-total deductions

taxable income=$36,200-$8000

taxable income=$28,200

tax payable=4%*taxable income

tax payable=4%*$28,200

tax payable=$1,128

Find out more about state income tax on:https://brainly.com/question/24667522

#SPJ1

Additional point:

Find the attached table for personal income deductions