SOLUTION: Patty Kim earns $20,000 per year. She is paid 26 times per year and claims 1 exemption. If $17.31 is withheld from each paycheck, at what rate is she taxed?

SOLUTION: Patty Kim earns $20,000 per year. She is paid 26 times per year and claims 1 exemption. If $17.31 is withheld from each paycheck, at what rate is she taxed?

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Question 463949: Patty Kim earns $20,000 per year. She is paid 26 times per year and claims 1 exemption. If $17.31 is withheld from each paycheck, at what rate is she taxed?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
20,000/26=769.23
17.31/769.23=.022503
The taxation rate is 2.2503%..
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