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%
The answer is the second options
Answer:
See below
Step-by-step explanation:
y=-2x + 3
y = -2*3x
Both equations are lines.
Two lines will intersect at one point
I will set the two equations equal and solve for the x coordinate.
-2x+3 = -6x
Add 2x from each side
3 = -4x
Divide by -4
-3/4 = x
Now find y
y = -6x
y = -6(-3/4)
y = 18/4 = 9/2
The solution is ( -3/4, 9/2)
Answer:
not sure if this is what youre looking for but here
y=-3/2x+9
Step-by-step explanation:
