Answer:
18%
Step-by-step explanation:
From adjusted gross income of $100,000, subtract the standard deduction of $6,350 and a single personal exemption of $4,050. That makes taxable income equal to $89,600. That amount is just below the upper end of the 25% tax bracket, with the tax calculation amounting to $18,138.75. That works out to an effective tax rate of 18%.
Except what? Where is the problem?
U do the formula
slope = -9/4
For the answer to the question above asking what is Richard’s monthly net income if <span>Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month?
The answer for this is first solved for his Net Pay then you can multiply it by two so that you can get his monthly net income.</span>
