5. Kerry McCarthy is a news traffic reporter with an annual gross
pay of $44,500. He is single and is paid on a monthly basis.
How much is withheld monthly for state taxes?



Answer :

$3,708.33 is withheld monthly for state taxes.

Some states have a graduated income tax that involves a different tax rate for each of several levels of income. The tax rate increases as income increases.

Tax Withheld per Pay Period = Annual Tax Withheld/ Number of Pay Periods per Year

Here, we are given that Kerry McCarthy is a news traffic reporter with an annual gross pay of $44,500.

Thus, the Annual Tax Withheld = $44,500.

He is paid on a monthly basis ⇒ Number of Pay Periods per Year = 12

Hence, we get-

Tax Withheld per Pay Period = 44,500/ 12

= 3,708.33

Thus $3,708.33 is withheld monthly for state taxes.

Learn more about tax rates here-

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