If your tax liability is 25% of your salary of $40,000, a. For every $1 earned, how

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If your tax liability is 25% of your salary of $40,000,

a. For every $1 earned, how much goes toward taxes?

b. How much of each $1 is take-home pay?

c. If you contribute $1,000 to your 401(k) and your employer matches $1,000, how much is added to your retirement that year?

d. How much did the $1,000 contribution to your 401(k) affect your take-home pay for the year?

e. What was your immediate ROI when you decided to contribute $1,000 to your 401(k)?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:49 AM

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If your tax liability is 25% of your salary of $40,000, a. For every $1 earned, how

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a 100 x 025 025 b 100 025 075 c 1000 1000 2000 d Tax sa...View the full answer

Personal Finance Building Your Future

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