Question
Patty Kim earns $20,000 per year. She is paid 26 times per year and claims 1 exemption. If $17.31 is withheld from each paycheck, at what rate is she taxed?
Answers
Henry
Amt. = 26 * 17.31 = 450.06 = Amt deducted.
r = (450.06 / 20000) * 100 = 2.25%.
r = (450.06 / 20000) * 100 = 2.25%.