Register
You earn $50,000 per year, and the federal tax rate is 10 percent. Your gross income is
162k views
5 votes
You earn $50,000 per year, and the federal tax rate is 10 percent. Your gross income is

User Mr Wil
by
6.7k points

2 Answers

3 votes

Your gross income is $5,000

User GeReV
by
7.3k points
5 votes
Gross income is the total income, from all sources, before taxes.

So it's not relevant what your tax rate is, if you earn 50 000 a year, then this is your gross income.
User DudeOnRock
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.9m questions

10.5m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Link Copied!