Cynthia, a resident of Ottawa, earns $41,875 annually. If the Canadian government levies an income tax of 18. 6% on Cynthia’s ta

Question

1 year ago

15

x bracket, what is her annual take-home pay? a. $39,623. 66 b. $34,086. 25 c. $27,016. 13 d. $22,513. 44.

2 answers:

a_sh-v [17] · Answer 1 · 2023-10-11T04:35:45+03:00

The total amount of annual take-home pay of Cynthia is $34,086.25

<h3>What is income tax?</h3>

Income tax is a tax applied on individuals or entities concerning income or profit earned by them.

Cynthia earns $41,875 annually.

If the Canadian government levies an income tax of 18.6% on Cynthia’s tax bracket.

It can be calculated as

41,875 × 18.6%

41,875 × 18.6/100 = 7,788.75

The annual take-home pay

41,875 - 7,788.75 = $34,086.25

Thus, The total amount of annual take-home pay is $34,086.25.

Learn more about income tax;

ohaa [14] · Answer 2 · 2023-10-11T06:08:27+03:00

ohaa [14]1 year ago

3 0

Answer:

B. $34,086

Step-by-step explanation:

did the math