How do I figure my income amount if my state gives a 43,11% exemption?

[themotownmama]

If retirement distributions were $47,330, what would a 43.11% exemption make my income?

[KrisD15]

$ 26,926

To clarify, which state is this for? 

[themotownmama]

Kentucky 

[themotownmama]

Kentucky 👍🏼

[DanielV01]

Kentucky uses a convoluted formula to determine how much pension or retirement income is taxable in Kentucky.  Government employees and particularly schoolteachers/education employees who had service prior to 1998 are eligible to have a percentage of their pension exempted. 

As @KrisD states, this means that $26926 of your pension income is "nonexempt".  However, of your nonexempt pension income, Kentucky will not tax the first $31110 of that nonexempt income.  Since that deduction takes your pension taxable income to $0, none of your pension should by KY taxable.  You should see this reflected in Schedule P and Schedule M attached to your KY 740 return.