Question

Sarah takes a full-time position that pays $32,500 per year. The government takes out 3% for Social Security, 1.2 % for Medicare, and 14% for federal income tax. She does not live in state with state income tax.

MAMDM .A.3.a: What is her gross annual income?

Answer 1

$32,500

Explanation:

Sarah's gross income is the income amount before taxes and other deductions. It is $32,500.