Hamsa has an annual income of $13,240.00 from a part-time job. She lives in a state where she pays 3% of that amount in state income tax.
What is the amount of state income tax that Hamsa pays in dollars and cents?
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To calculate the state income tax Hamsa pays, we need to multiply her annual income by the state income tax rate:
State Income Tax = Annual Income x State Income Tax Rate
State Income Tax = $13,240.00 x 0.03
State Income Tax = $397.20
Therefore, Hamsa pays $397.20 in state income tax.