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:
See below, please!
Step-by-step explanation:
Since this is a line segment, the two segments sum is going to be equal to the larger sum. Here's the equationL 5+x-2=2x-2. This simplifies to x+3=2x-2. Solve this, and we get x=5.
Hope this helped!
Answer:
Step-by-step explanation:
f(x)=(x-1)(x+4
roots x=1,-4,
x=0, y=-4
<u>OAmalOHopeO</u>
<u />
Answer:
8/5
Step-by-step explanation:
