Name  _____________________________________________________    

Graduated  State  Income  Tax  Homework  

 

1. Gabriel  Harris  earns  an  annual  salary  of  $156,000  as  CFO  of  TechMedia,  Inc.    He  is  married  and   claims  three  dependents.    TechMedia  recently  converted  from  a  weekly  pay  plan  to  a  monthly   pay  plan.    How  much  more  will  Gabriel  have  deducted  from  his  monthly  pay  than  from  his   weekly  pay  for  state  income  tax?   State  Tax   Step  1:    Find  the  taxable  wages.   Taxable  Wages   Tax  Rate     First  $1,000  

1.5%  

Next  2,000  

3.0%  

Next  2,000  

4.5%  

Over  5,000  

5.0%  

Exemptions   Single  

$2,000  

Married  

4,000  

Each  Dependent  

2,000  

 

 

 

 

 

 

Step  2:    Find  the  annual  state  tax  withheld.   •   •

 



 



 

Step  3:    Find  the  tax  withheld  per  pay  period   Per  Week:  

 

Total  =_________________   Per  Month:  

       

2.3 Graduated State Income Tax Homework.pdf

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