Answer:
The correct answer is $99,04
Step-by-step explanation:
Step 1: We must first deduct the total amount of exemptions John claims per year from his annual income.
$24008 - ($800 * 3)= $21608
The 5.5% tax must be applied to the amount of $21608.
Step 2: We now calculate the tax on the amount of $21608 and divide it by 12 months to get the monthly amount that must be deducted from your taxable earnings.
$21608 * [tex]\frac{5,5}{100}[/tex] = $1188,44
[tex]\frac{1188,44}{12}[/tex] = $99,04
The amount to be deducted per month in taxes is $99.04.
Have a nice day!
