You earned $96,000 last year. Your effective tax rate went as follows; Federal: 16.3, FICA: 7.65, state: 4.5. If you added them
all and subtracted them from your gross income what would remain of your income from last year?
1 answer:
Answer:
68688
Step-by-step explanation:
1) You add 16.3 + 7.65 + 4.5 to get 28.45%
2)You find 28.45% of 96,000 (27312)
3)You subtract 2,7312 from 96,000 to get 68688
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