Question

Ron Swift earned $1,500 last week. He is married, paid bi-weekly, and claims two exemptions. Using the percentage method his income tax is what?

Answer 1

How much is the tax percentage wise?

Answer 2

idont have any just like this

Answer 3

I'm sorry, I'm not an American. I don't know what the exemptions are nor what the tax rate is.

In general income tax are directly deducted after you get paid. This guy earns $750 a week, thus $ 3000 a month, which makes $ 36000 a year. If the tax rate is 20%, then his income tax would be 0.20 * 36000. His net income will be 0.80*36000 (this is what he gets on his bankaccount).

Answer 4

thanks