Question

You decide to get a part-time job at a local hardware store. The job pays $11.00 an hour and you will work 20 hours a week. Your employer withholds 10% of your gross pay for federal taxes, 5.65% for FICA taxes, and 2.5% for the state tax
How much is withheld for state taxes

Answer 1

To calculate the amount withheld for state taxes, you first need to calculate your gross weekly pay.

1. **Calculate gross weekly pay:**
\[
\text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = \$11.00 \times 20 = \$220.00
\]

2. **Calculate the amount withheld for state taxes:**
The state tax rate is 2.5%, so you can calculate it as follows:
\[
\text{State Tax Withheld} = \text{Gross Pay} \times \text{State Tax Rate}
\]
\[
\text{State Tax Withheld} = \$220.00 \times 0.025 = \$5.50
\]

Therefore, the amount withheld for state taxes is **$5.50**.