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
Hi much is withheld for state taxes

Answer 1

To calculate the amount withheld for state taxes, you first need to determine your gross pay for the week. Here's how you do it:

1. **Calculate Gross Pay:**
\[
\text{Gross Pay} = \text{Hourly Rate} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = 11.00 \, \text{(dollars/hour)} \times 20 \, \text{(hours/week)} = 220.00 \, \text{dollars/week}
\]

2. **Calculate State Taxes Withheld:**
Now, apply the state tax rate of 2.5%:
\[
\text{State Taxes} = \text{Gross Pay} \times \text{State Tax Rate}
\]
\[
\text{State Taxes} = 220.00 \, \text{dollars/week} \times 0.025 = 5.50 \, \text{dollars/week}
\]

So, the amount withheld for state taxes is **$5.50 per week**.