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8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus 29% on the portion of taxable income over $165,430 up to $235,675, plus .

8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus 29% on the portion of taxable income over $165,430 up to $235,675, plus .

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus • 29% on the portion of taxable income over $165,430 up to $235,675, plus • 33% on the portion of taxable income over $235,675
Transcribed Image Text:8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus • 29% on the portion of taxable income over $165,430 up to $235,675, plus • 33% on the portion of taxable income over $235,675
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