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yarga [219]
3 years ago
7

If you earn 30K a year and are taxed 10% what's your gross income and net income

Mathematics
1 answer:
Furkat [3]3 years ago
4 0
We have that

<span>Gross income ---------------- > is the amount before taxes---------> $30000

</span>Net income-------> <span>is how much money you earn in a year after taxes and other deductions
</span>Net income=[Gross income]-[Gross income*taxes]
<span>taxes=10%=0.10
Net income=</span>$30000-[$30000*0.10]=$27000

the answer is
Gross income=$30000
Net income=$27000
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