SOLUTION: William Bennett earns $12,800 per year. He is paid 12 times per year and claims 1 exemption. His state taxes him at a 3% rate. Each exemption is worth $800. How much tax is withhel

SOLUTION: William Bennett earns $12,800 per year. He is paid 12 times per year and claims 1 exemption. His state taxes him at a 3% rate. Each exemption is worth $800. How much tax is withhel

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Question 463941: William Bennett earns $12,800 per year. He is paid 12 times per year and claims 1 exemption. His state taxes him at a 3% rate. Each exemption is worth $800. How much tax is withheld per pay period?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
William has one exemption worth $800, so his taxable income is $12000. He is paid 12 times per year, at $1000 per pay period. His tax is 3%, so 1000x.03=$30.00 is deducted each pay period..
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