Answer:
$300 was deducted from tax. The tax rate is 26.1%
Step-by-step explanation:
An employee earns a gross pay of $1,200.00 per week. The employee’s net pay is $850.00. The employee’s voluntary 401(k) contribution is $50.00 per month.
There was blank deducted for taxes. The tax rate is blank
Solution:
Contributions that are made for retirement such as 401(k) contribution plans are made on a pretax basis. This means that they are removed from your taxable income, thereby reducing the tax.
Gross pay = $1200
Taxable income = Gross pay - 401(k) contribution
Taxable income = $1200 - $50 = $1150
Net pay = $850
Tax = Taxable income - Net pay
Tax = $1150 - $850
Tax = $300
Tax rate = (Tax / taxable income) * 100%
Tax rate = ($300 / $1150) * 100% = 26.1%
Answer:
b. y=2x-200
c. there will be no profit because 2 times 100 = 200, meaning they only earned back the money they already spent.
d. (domain or y-values) minimum: -200 maximum: 320
(range or x-values) maximum: 260
Answer:
30,000
Step-by-step explanation:
The answer to the question is
False
Jillian bikes a total of 30 miles in 5 days, then we divide 30 and 5 to get 6. Jillian bikes 6 miles per day.
