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VikaD [51]
3 years ago
9

CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE

REQUIRED DEDUCTIONS OF FEDERAL A STATE INCOME TAX?
Business
1 answer:
FrozenT [24]3 years ago
6 0

100000 X 19% = 19000  

100000 X 7% = 7000

<em>Total deduction: $26,000</em>

$74,000 per year he will get after deduction

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