agi9bsonjolis agi9bsonjolis

02-10-2016
Mathematics

Answered

you earn 50,000 per year and the federal tax rate is 10 percent your net income is

Verified Answer :

nobillionaireNobley nobillionaireNobley

08-10-2016

Federat tax = 10% of 50,000 = 0.1 x 50,000 = 5,000

Net income = 50,000 - 5,000 = 45,000

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noahscats11 noahscats11

08-07-2022

If you earn 50K per year and the FTR is 10%, 10% of 50K is 5K. So subtract 5K from 50K and you get 45K. Your net income is 45K.

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