The correct answers are:
• 31,878, The explanation Is on the bottom.
Mr. Lara's family has taxable earnings of 36,623 this year and they have paid 4,745 in withholding taxes. This means that their net income after taxes is calculated by subtracting the withholding taxes from their taxable earnings, which comes out to be 31,878. It is important to note that this is the amount of income that is subject to federal and state income taxes, and other deductions such as Social Security and Medicare may also apply.
• Another explanation on how to get the answer.
Mr. Lara's family earned 36,623 in taxable earnings and paid 4,745 in withholding taxes, leaving them with a net income of 31,878. This is the amount they will receive after taxes are deducted.
• Last explanation to get answer.
Mr. Lara's family had taxable earnings of $36,623 this year and paid $4,745 in withholding taxes. Their net income after taxes is calculated by subtracting the withholding taxes from their taxable earnings, leaving them with $31,878. It is important to note that this is their net income after all taxes have been paid and may not necessarily reflect their actual take-home pay, as there may be other deductions such as retirement contributions or health insurance premiums. Overall, their net income after taxes represents the amount they have available for living expenses and savings.