Ask Question
16 December, 00:43

The government takes out 6.2% for Social Security, 1.45% for Medicare, and 15% for federal income tax. Alex does not live in a state with state income tax. What is her after-tax monthly income?

+4
Answers (1)
  1. 16 December, 03:20
    0
    92.35% or 77.35%

    Step-by-step explanation:

    We have that the total salary represents 100%.

    After taxes in a city where all taxes apply would be:

    100% - 6.2% - 1.45% - 15% = 77.35%

    Which means, that in this case, the salary after tax would be 77.35%.

    In Alex's case, there is no state income tax, if this tax is the same as the federal income tax, his income would be:

    100% - 6.2% - 1.45% = 92.35%

    That is, 92.35% of their original salary.

    If these two taxes are different, your income would be 77.35%.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The government takes out 6.2% for Social Security, 1.45% for Medicare, and 15% for federal income tax. Alex does not live in a state with ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers