2.1-2.2 QUIZ - Federal Income Tax & State Income Tax

Your taxable wages depend on __________ or withholding allowances, which allow for supporting yourself, your spouse, and others in your family who are your dependents.

Gross pay: $23,760 Married, with 4 dependents, State income tax rate 6%. Calculate the State Income Tax.

Exemptions: Married $4,000, Each dependent $2,000.

Gross pay: $43,300, Single with 1 dependent, State income tax rate : 2.5%. Calculate the State Income Tax.

Exemptions: Single $2,000 Each Dependent $2,000.

Round $66.789 to the nearest hundredth.

What is the federal tax owed on a taxable income of $59,475?

Your take home pay is also known as what? Think, not LA LA land!

Your gross pay is $135 . The local income tax rate is 1.5% How much will be held from local tax?

Net pay is...

What is the fixed rate of pay for week, month, or year called? Think back to last unit!

What government department collects federal income taxes?