Angelo has a yearly salary of $65,800. If he pays a 15% federal tax, a 6.2% social security tax, a 6% unemployment tax, and a 3.5% state tax per year, determine the following: a) Angelo’s yearly taxes. b) Angelo’s monthly take home pay.
Angelo has a yearly salary of $65,800. If he pays a 15% federal tax, a 6.2% social security tax, a 6% unemployment tax, and a 3.5% state tax per year, determine the following: a) Angelo’s yearly taxes. b) Angelo’s monthly take home pay.
Chapter7: Tax Credits
Section: Chapter Questions
Problem 12MCQ
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If Angelo has a yearly salary of $65,800. If he pays a 15% federal tax, a 6.2% social security tax, a 6% unemployment tax, and a 3.5% state tax per year, determine the following:
a) Angelo’s yearly taxes.
b) Angelo’s monthly take home pay.
c) How much Angelo should budget for hisrent.
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