Net pay refers to the amount of take-home pay after taxes and other deductions (healthcare, social...
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Net pay refers to the amount of take-home pay after taxes and other deductions (healthcare, social security, retirement, etc.). For the purposes of this project we will assume everyone is an unmarried individual with no children. We will assume your net salary is simply your gross salary minus your taxes (that you will calculate using the table below) and all of your gross salary will be considered taxable income. Find your net pay. Show all calculations, including descriptions if necessary. Be sure to use the equation editor and label your final solution. Round your solution to the nearest dollar. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph Arial 3 (12pt) XDDQ5E Of Mashups Salary is $283,105 If Taxable Income is Between $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 or more 66 TT. The Tax Due Is: 10% of taxable income $952.50 +12% of the amount over $9,525 $4,453.50 +22% of the amount over $38,700 $14,089.50 +24% of the amount over $82,500 $32,089.50+ 32% of the amount over $157,500 $45,689.50+ 35% of the amount over $200,000 $150,689.50 +37% of the amount over $500,000 EE T- " THLESS Net pay refers to the amount of take-home pay after taxes and other deductions (healthcare, social security, retirement, etc.). For the purposes of this project we will assume everyone is an unmarried individual with no children. We will assume your net salary is simply your gross salary minus your taxes (that you will calculate using the table below) and all of your gross salary will be considered taxable income. Find your net pay. Show all calculations, including descriptions if necessary. Be sure to use the equation editor and label your final solution. Round your solution to the nearest dollar. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph Arial 3 (12pt) XDDQ5E Of Mashups Salary is $283,105 If Taxable Income is Between $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 or more 66 TT. The Tax Due Is: 10% of taxable income $952.50 +12% of the amount over $9,525 $4,453.50 +22% of the amount over $38,700 $14,089.50 +24% of the amount over $82,500 $32,089.50+ 32% of the amount over $157,500 $45,689.50+ 35% of the amount over $200,000 $150,689.50 +37% of the amount over $500,000 EE T- " THLESS
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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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