Boris is a web developer. His annual gross salary is $45,000. From this, he must pay social security (calculated as 10% of his gross pay) plus income tax (on the gross pay before the social security deduction).
There is a progressive tax system for calculating income tax, where the first $10,000 is tax free, and anything above $10,000 is taxed at 25%.
What is his take home pay? Round your answer to the nearest dollar.

Answer rating: 100% (QA)

To calculate Boriss takehome pay we need to determine his total deductions for social ... View the full answer