carlymdiazpbavo9 carlymdiazpbavo9
  • 03-07-2018
  • Social Studies
contestada

You earn $30,000 per year, and the federal tax rate is 10 percent. Your gross income is

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francocanacari
francocanacari francocanacari
  • 03-02-2019

The gross income in this example is $33,333, as the gross income is the amount that every employee earns, before taxes and social security contributions are deducted.

As 10% is deducted to pay taxes (in this case it would be $3,333), the net income is of $30,000, which is the amount that is won during the year.


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