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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