Question

tina lives in a state that charges her 4.5% state income tax on her federal taxable income. if her federal taxable income is $61,600, how much does tina pay in state income tax?
a. $1,545
b. $227
c. $4,372
d. $2,772
please select the best answer from the choices provided
o a
o b
o c
o d

Explanation:

Step1: Identify the formula

To find the state income tax, we use the formula: \( \text{Tax} = \text{Taxable Income} \times \text{Tax Rate} \)

Step2: Convert the tax rate to decimal

The tax rate is 4.5%, which is \( 0.045 \) in decimal form.

Step3: Calculate the tax

The taxable income is $61,600. So, \( \text{Tax} = 61600 \times 0.045 \)
\( 61600 \times 0.045 = 2772 \)

Answer:

d. $2,772