katelinstewart98237 katelinstewart98237
  • 21-02-2018
  • Mathematics
contestada

If you earn 30K a year and are taxed 10% what's your gross income and net income

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calculista
calculista calculista
  • 02-03-2018
we have that

Gross income ---------------- > is the amount before taxes---------> $30000

Net income-------> is how much money you earn in a year after taxes and other deductions
Net income=[Gross income]-[Gross income*taxes]
taxes=10%=0.10
Net income=
$30000-[$30000*0.10]=$27000

the answer is
Gross income=$30000
Net income=$27000
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