You earn $50,000 per year, and the federal tax rate is 10 percent. Your net income is (4 points)

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asked Feb 26, 2018 189k views

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Danyal · Answer 1 · 2018-03-04T09:38:32+0000

Well since the tax rate is 10%, you only get to keep 90%.

Convert that 90% into a decimal:

90% = .9

Then multiply by the annual income

50000 x .9 = 45000.

Therefore the net income is 45,000.

You earn $50,000 per year, and the federal tax rate is 10 percent. Your net income is (4 points)

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