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, first, we need to determine your gross pay for the week.

1. **Calculate Gross Pay:**
- Hourly Wage = $11.00
- Hours Worked per Week = 20

\[
\text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Gross Pay} = 11.00 \times 20 = 220.00
\]

2. **Calculate State Tax Withholding:**
- State Tax Rate = 2.5%

\[
\text{State Tax Withheld} = \text{Gross Pay} \times \text{State Tax Rate}
\]
\[
\text{State Tax Withheld} = 220.00 \times 0.025 = 5.50
\]

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