Find the amount withheld annually for state income? Monica mooney
Earns $63,840 annually.
Married, 2 dependents.
State tax rate is 4 percent.

a. $55,000

Explanation:

Pretax profit is net profit before tax.

Profit equals sales - (fixed cost + variable costs)

In this case:

sales = selling price x sales volume

   = $ 11 x 25,000

   = $ 275,000.00

Fixed cost =$ 70,000

Variable costs=$6 x 25,000= $ 150,000.00

profits = $275,0000-($70,000+$150,000)

 =$275,000-220,000

 =$55,000.00