Jeff pays $967 in state taxes per year. If he is paid semimonthly,
how much is withheld from his paycheck for state taxes each pay
period?
a. $40.29
b. $402.91
c. $37.19
d. $371.90
To find the amount withheld from Jeff's paycheck each pay period, we need to divide his annual state tax by the number of pay periods in a year. Since he is paid twice a month, there are 24 pay periods in a year (12 months x 2 pay periods per month).
$967 รท 24 = $40.29
Therefore, the answer is (a) $40.29.