Colby's gross income was $93,000 last year. If he had $1646.92 withheld for federal income tax from each of his monthly paychecks, what percentage of his gross income
Colby's gross income was $93,000 last year. If he had $1646.92 withheld for federal income tax from each of his monthly paychecks, what percentage of his gross income
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Colby's gross income was $93,000
last year. If he had $1646.92
withheld for federal income tax
from each of his monthly paychecks,
what percentage of his gross income

Transcribed Image Text:1
> of 4
3. Colby's gross income was $93,000
last year. If he had $1646.92
withheld for federal income tax
from each of his monthly paychecks,
what percentage of his gross income
was withheld for federal income tax
last year? Give your answer to the
nearest hundredth of a percent.
4. Jessica makes $24,000 a year, but
receives weekly paychecks. If 12% of
Page
Pen
C
ZOOM +
Act
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