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3 years ago

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Assume current Federal Exemption is $3300.00. Bill Smith earns $37,500.00, is single; and the tax rate is 2 3/4 %. Calculate the

tax

1 answer:

MatroZZZ [7]3 years ago

3 0

Tax rate is 2+3/4=2.75%
Income taxable
37,500−3,300=34,200
Tax accrued
34,200×0.0275=940.5

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