Question

question 10 of 10
makenzie lives and works in colorado, which has a flat state income tax of 4.63%. if her annual salary is $57,835 and if she gets paid once a month, how much is withheld from her gross income for state income tax each pay period?

a. $2231.47
b. $223.14
c. $2677.76
d. $267.78

Explanation:

Step1: Calculate monthly salary

First, find the monthly salary by dividing the annual salary by 12. The annual salary is $57,835, so the monthly salary is $\frac{57835}{12} \approx 4819.58$.

Step2: Calculate monthly tax withheld

Next, calculate the state income tax withheld each month. The tax rate is 4.63%, so we multiply the monthly salary by 0.0463. That is $4819.58 \times 0.0463 \approx 223.14$.

Answer:

B. $223.14