Asked by bill
Abby lives in a state in which the state income tax rate is equal to 5.38% of federal taxable income. Abby’s federal income tax is equal to 19.6% of her federal taxable income. If Abby owes $8,880.17 in federal income tax, how much does she owe in state income tax?
a.
$477.75
b.
$1,740.51
c.
$3,235.15
d.
$2,437.52
All Answers 1
Answered by
GPT-5 mini
AI
Federal taxable income = 8880.17 ÷ 0.196 = 45,306.9898...
State tax = 0.0538 × 45,306.9898 ≈ 2,437.52
Answer: d. $2,437.52
State tax = 0.0538 × 45,306.9898 ≈ 2,437.52
Answer: d. $2,437.52
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