1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andreyandreev [35.5K]
2 years ago
7

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) contribu

tion is $50.00 per month.
Mathematics
1 answer:
Yuliya22 [10]2 years ago
3 0

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%

You might be interested in
19. What is the distance between P(-3, 10 ) and Q( 12, -6 )? Round to the nearest hundredth
OLga [1]

Answer:

To calculate the distance between two points, we can use a formula that is a variation Pythagorean Theorem. Look:

"d" represents the distance and coordinates are expressed as follows: (x, y)

Let's go to the calculations.

The answer is 12,6 u.c.

Step-by-step explanation:

4 0
3 years ago
If you drop a container of soap, is the floor clean, or is the soap dirty?
Oksana_A [137]

Answer:

Nothing happens to the soap or the floor.

Step-by-step explanation:

"container" of soap

5 0
3 years ago
Read 2 more answers
Please answer thanks ​
galina1969 [7]

Answer:

a

Step-by-step explanation:

I believe it is answer a. the helicopter is the distance in the air that it is cruising and the angle is how it has to begin its decent down to the fireman

8 0
3 years ago
Read 2 more answers
What value of x makes this equation true? 4x – 10 = 18
Harrizon [31]

Answer:

7 is the correct answer. brainliest plese

3 0
2 years ago
Read 2 more answers
Which steps could be used to solve this story problem?
Vedmedyk [2.9K]
Multiply 10 and 3 then subtract five from 10 add the product and the difference add that sum to 10
3 0
3 years ago
Other questions:
  • Which landforms are not classified into a major biome?
    10·1 answer
  • Who sets the price in a monopolistic competition
    10·2 answers
  • What does -2L+2L=16 equal
    5·1 answer
  • Find the length of the leg of the right triangle leave your answer in simplest form?
    9·1 answer
  • Round 0.743<br> to the nearest hundredth
    10·2 answers
  • PLZ HELP! Need this bad! Thx so much!
    5·2 answers
  • 7. The largest living thing on earth is a California sequoia tree named the “General Sherman”. The diameter of the tree at the b
    8·1 answer
  • List all of the factors of 15. tell whether 15 is prime or composite
    9·1 answer
  • Help with number 7 picture above
    15·1 answer
  • Plz help me with this one
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!