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:
y= 23
Step-by-step explanation:
Solve for (y
)
by simplifying both sides of the equation, then isolating the variable.
7y - 6y - 10 = 13
Answer:
A
Step-by-step explanation:
Sn=a(n-1) d
this formula for Calculating arithmetic sequence
Answer:
B - $41,500
Step-by-step explanation:
After Subtracting his liabilities this is what I got.
Hope this Helps!
:D
twelve multiplied by six equals seventy two. Three multiplied by two equals six. Therefore seventy-two plus six equals seventy-eight
