Subjects personal finance

State Tax 6Dd2A9

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1. **State the problem:** Calculate the state income tax Emmet Michael will pay given his gross pay, exemption, and tax rate. 2. **Given data:** - Gross pay = 31700 - Single exemption = 2000 - State income tax rate = 4% = 0.04 3. **Formula:** State tax = (Gross pay - Exemption) \times Tax rate 4. **Calculate taxable income:** $$\text{Taxable income} = 31700 - 2000 = 29700$$ 5. **Calculate state tax:** $$\text{State tax} = 29700 \times 0.04$$ 6. **Multiply:** $$29700 \times 0.04 = 1188$$ 7. **Answer:** Emmet Michael will pay **1188** in state income tax.