Ashton's gross pay is 82,000. He receives tax credits of 2,000. He pays total taxes of 4,500. What are his taxable and disposable incomes.

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Paisley Hopkins

2 May, 16:43

Ashton's gross pay is 82,000. He receives tax credits of 2,000. He pays total taxes of 4,500. What are his taxable and disposable incomes.

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Diamond Fischer · Answer 1

A taxable income is the total amount of money left after being deducted by other government payments. Meanwhile, a disposable income is the accounting of income taxes in an employee's payroll. Therefore, Ashton's taxable income is, $80,000 while his disposable income is $75,500.