Neville has an annual salary of $90,000. He contributes 27.5% of his pre-tax income to his mortgage and 401(k), and he pays $500 per month for car and health insurance (pre-tax, deducted after mortgage and 401(k)). All taxes are calculated based on Neville’s adjusted gross income (pay remaining after mortgage, 401(k), and insurance payments). He must pay: 8% tax on the first $8,000 in income, 18% tax on any income between $8,001 and $40,000, 28% tax on income between $40,001 and $100,000, and a 4% tax on his total adjusted gross income. What is Neville’s approximate quarterly take-home pay after all deductions have been made?
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