Question

based on his salary, kevin knows that he will have $336.00 withheld from his paycheck for federal income tax. he would like to have approximately $70.00 withheld for state income tax. which of the following withholding options should he choose for state income tax?
a. 18% of federal income tax
b. 21% of federal income tax
c. 25% of federal income tax
d. 29% of federal income tax

please select the best answer from the choices provided

○ a
○ b
○ c
○ d

Explanation:

Step1: Calculate 18% of 336

To find 18% of 336, we use the formula \( \text{Percentage} \times \text{Amount} \). So, \( 0.18 \times 336 = 60.48 \).

Step2: Calculate 21% of 336

Using the same formula, \( 0.21 \times 336 = 70.56 \).

Step3: Calculate 25% of 336

\( 0.25 \times 336 = 84 \).

Step4: Calculate 29% of 336

\( 0.29 \times 336 = 97.44 \).

Answer:

B. 21% of federal income tax