2. Kariz Johnson earns $34,850 annually as an engineer. She issingle and supports her father. The state tax rate in her stateis 3% of taxable income. What amount is withheld yearly forstate income tax?hies, Inc. All rights reserved. Use the personal allowance table below.Personal Allowance AmountSingle$2,000Married4,000Each Dependent2,000

In USA almost 50 states charge state income tax on their…

Answered: ngle and supports 3% of taxable inc

Business

Finance

ngle and supports 3% of taxable inc

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

2. Kariz Johnson earns $34,850 annually as an engineer. She is
single and supports her father. The state tax rate in her state
is 3% of taxable income. What amount is withheld yearly for
state income tax?
hies, Inc. All rights reserved.

Use the personal allowance table below.
Personal Allowance Amount
Single
$2,000
Married
4,000
Each Dependent
2,000

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