BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jason’s salary is $54, 000. What is the amount of his net pay after the 25% federal withholding income tax is deducted?
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$13, 500
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$40, 500
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$67.500
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$15, 300
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Explanation:
Detailed explanation-1: -If you make ₹ 50, 000 a year living in India, you will be taxed ₹ 6, 000. That means that your net pay will be ₹ 44, 000 per year, or ₹ 3, 667 per month. Your average tax rate is 12.0% and your marginal tax rate is 12.0%.
Detailed explanation-2: -If you make $54, 000 a year living in the region of California, USA, you will be taxed $11, 389. That means that your net pay will be $42, 611 per year, or $3, 551 per month.
Detailed explanation-3: -The formula to calculate net salary is quite simple. Net Salary = Gross Salary-Deductions. Gross salary can include the following: Basic Salary.
There is 1 question to complete.