7
QuizMultiple Choice

Topic Test

Question 7 • Financial Math A

Abby lives in a state in which the state income tax rate is equal to 5.38% of federal taxable income. Abby’s federal income tax is equal to 19.6% of her federal taxable income. If Abby owes $8,880.17 in federal income tax, how much does she owe in state income tax?a.$477.75b.$1,740.51c.$3,235.15d.$2,437.52

Answer
A
A
B
B
C
C
D
D
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