Use the personal allowance table below.Personal Allowance Amount$2,0004,000SingleMarriedEach Dependent2,000What amount is withheld yearly for state income tax?1) Name: Blanco, AlbertoEarns: $36,940 AnnuallySingle, claims 3State tax rate = 4.5%

income tax is the tax to the government of the state or the center on the income earned by the…

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What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Earns: $36,940 Annually Single, claims 3 State tax rate = 4.5%

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

9th Edition

ISBN:9781305635937

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 8P: PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where...

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Question

Use the personal allowance table below.
Personal Allowance Amount
$2,000
4,000
Single
Married
Each Dependent
2,000
What amount is withheld yearly for state income tax?
1) Name: Blanco, Alberto
Earns: $36,940 Annually
Single, claims 3
State tax rate = 4.5%

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