Question

determine the annual net income for a person with an annual gross income of 53,000.00; 20% for federal income tax; 7% for social security tax; 9% for state income tax?

Answer 1

$19,080 (I believe.)

Explanation:

$53,000.00 x 0.2% = $10,600

$53,000.00 x 0.07% = $3,710

$53,000.00 x 0.09% = $4,770

$10,600 + $3,710 + $4,770 = $19,080