a. Mirabai's income tax rate on additional income is 42%. She has just received a wage increase
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a. Mirabai's income tax rate on additional income is 42%. She has just received a wage increase of $1.25 per hour. What is her aftertax increase in hourly pay?
b. Shiras tax rate on additional income is 47%. How much extra must he earn to keep an additional $1000 after tax?
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Mirabais AfterTax Wage Increase 1 Find the pretax increase Multiply the hourly increase ...View the full answer
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