Teresa had a gross income of $91,979 in 2010. What was her net income in 2010? Use the income tax table below to answer the question. 2010 Federal Income Tax Brackets and Tax Rates (Canada) Tax Brackets Tax Rates $40,970 or less 15% of taxable income less than or equal to $40,970; plus 22% of taxable income greater $40,970 to $81,941 than $40,970 and less than or equal to $81,941; plus 26% of taxable income greater $81,941 to $127,021 than $81,941 and less than or equal to $127,021; plus More than $127,021 29% of taxable income greater than $127,021
Teresa had a gross income of $91,979 in 2010. What was her net income in 2010? Use the income tax table below to answer the question. 2010 Federal Income Tax Brackets and Tax Rates (Canada) Tax Brackets Tax Rates $40,970 or less 15% of taxable income less than or equal to $40,970; plus 22% of taxable income greater $40,970 to $81,941 than $40,970 and less than or equal to $81,941; plus 26% of taxable income greater $81,941 to $127,021 than $81,941 and less than or equal to $127,021; plus More than $127,021 29% of taxable income greater than $127,021
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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![Teresa had a gross income of $91,979 in 2010. What was her net income in 2010? Use
the income tax table below to answer the question.
2010 Federal Income Tax Brackets and Tax Rates (Canada)
Tax Brackets
Tax Rates
15% of taxable income less than or
equal to $40,970; plus
22% of taxable income greater
$40,970 to $81,941 than $40,970 and less than or
equal to $81,941; plus
$40,970 or less
26% of taxable income greater
$81,941 to $127,021 than $81,941 and less than or equal
to $127,021; plus
More than $127,021
29% of taxable income greater
than $127,021](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0900bbc-fc5e-4a0d-89ff-2b655aafa81a%2F1192f84f-7980-47fc-9e8b-95e70a492ceb%2F3z9c95b_processed.png&w=3840&q=75)
Transcribed Image Text:Teresa had a gross income of $91,979 in 2010. What was her net income in 2010? Use
the income tax table below to answer the question.
2010 Federal Income Tax Brackets and Tax Rates (Canada)
Tax Brackets
Tax Rates
15% of taxable income less than or
equal to $40,970; plus
22% of taxable income greater
$40,970 to $81,941 than $40,970 and less than or
equal to $81,941; plus
$40,970 or less
26% of taxable income greater
$81,941 to $127,021 than $81,941 and less than or equal
to $127,021; plus
More than $127,021
29% of taxable income greater
than $127,021
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