Ask a New 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?

1 answer

Amt. = 26 * 17.31 = 450.06 = Amt deducted.

r = (450.06 / 20000) * 100 = 2.25%.

Ask a New Question or answer this question.

Similar Questions

If the consumer price index is 102 in Year One, 108 in Year Two, 106 in Year Three, 105 in Year Four, and 104 in Year Five,
1. 1 answer
Julie's X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to
1. 3 answers
average gas pricescolumbia sc year 2002 $0.70 year 2003 $1.04 year 2004 $1.15 year 2005 $1.38 year 2006 $ 1.86 year 2007 $1.70
1. 5 answers
Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns
1. 1 answer

more similar questions