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

asked
User Mr Wil
by
7.7k points

2 Answers

3 votes

Your gross income is $5,000

answered
User GeReV
by
8.0k 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.
answered
User DudeOnRock
by
7.3k points

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