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Solved: Mikkel pays a 4 percent state income tax on his earnings

By Ian Brian on May 5, 2023

Question:

Mikkel pays a 4 percent state income tax on his earnings. If he earns $1,867, how much state income tax can he expect to pay?

A. $46.68

B. $74.68

C. $466.75

D. $746.80

Answer:

State income tax = Tax rate * Earnings

Tax rate = 4%

Earnings = $1,867

State income tax = 4% * $1,867

= $74.68

Answer: B. $74.68

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