CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE REQUIRED DEDUCTIONS OF FEDERAL A STATE INCOME TAX?

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asked Oct 18, 2019 189k views

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CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE REQUIRED DEDUCTIONS OF FEDERAL A STATE INCOME TAX?

Business
high-school

Flurpleplurple asked

by Flurpleplurple

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100000 X 19% = 19000

100000 X 7% = 7000

Total deduction: $26,000

$74,000 per year he will get after deduction

Tommymaynard answered Oct 22, 2019

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