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12 May, 11:38

If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? Assume you have no deductions.

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  1. 12 May, 12:02
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    I'm assuming that the salary is for the whole year. If it is not, do tell me.

    Tax = 10/100 * 45000

    = 4500

    You owe $4500 in federal taxes.
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