IDNLearn.com provides a comprehensive platform for finding accurate answers. Our community is here to provide detailed and trustworthy answers to any questions you may have.
Sagot :
Answer: $80,735
=======================================================
Work Shown:
33% = 33/100 = 0.33
33% of 120,500 = 0.33*(120,500) = 39,765
Michael pays $39,765 in taxes
This makes his net pay to be 120,500-39,765 = 80,735 dollars.
------------
A shortcut is to compute
0.67*(120,500) = 80,735
The 0.67 refers to the fact that if he pays 33% of his gross income, then he keeps the remaining 100% - 33% = 67% of it.
We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.
