Use the personal allowance table below.Personal Allowance AmountSingle$2,000Married4,000Each Dependent2,000What amount is withheld yearly for state income tax?1) Name: Blanco, AlbertoHours: 35 weeklyHourly rate: $15.85Married, claims 2State tax rate = 3%

State tax withheld= Taxable wages* tax rate Taxable wages= Gross earning- Personal allowances

Answered: Use the personal allowance table below.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the personal allowance table below. Personal Allowance Amount Single $2,000 Married 4,000 Each Dependent 2,000 What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Hours: 35 weekly Hourly rate: $15.85 Married, claims 2 State tax rate = 3%