Consider the following information for your client: Gross Monthly Pay = $2,000 Net Change to...
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Consider the following information for your client: Gross Monthly Pay = $2,000 • Net Change to Cash = $200 Tax Rate = 20% . . If your client decides to make a $200 retirement contribution (a pre-tax adjustment), what would the new Net Change to Cash be? Input your answers as a whole number with no decimals, commas, or dollar signs Consider the following information for your client: Gross Monthly Pay = $2,000 • Net Change to Cash = $200 Tax Rate = 20% . . If your client decides to make a $200 retirement contribution (a pre-tax adjustment), what would the new Net Change to Cash be? Input your answers as a whole number with no decimals, commas, or dollar signs
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The retirement contribution of 200 is a pretax adjustment which me... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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