To calculate the amount of federal income taxes Turner pays each pay period, you need to multiply his taxable income by his federal income tax rate.
Taxable income: $800.29
Federal income tax rate: 13%
$800.29 x 13% = $800.29 x 0.13 = $104.04
Therefore, Turner pays $104.04 each pay period in federal income taxes.
The answer is D. $104.04.
Each pay period, Turner's taxable income is $800.29. If his federal income tax rate is 13%, then how much money does he pay each pay period in federal income taxes?
A.
$112.04
B.
$105.04
C.
$106.04
D.
$104.04
1 answer