Question

A little help in Economics please

Answer 1

You earn $50,000 per year, and the federal tax rate is 10 percent. Your gross income is

A. $5,000
B. $10,000
C. $45,000
D. $50,000

Answer 2

I know 50,000 - 10 % = 45,000

Answer 3

But sure if it's A or C

Answer 4

@Pixel

Answer 5

No, the answer is D.

Answer 6

The gross income is the total?

Answer 7

Gross income = total income before taxes and whatnot.

Answer 8

Ah... Thanks bro

Answer 9

Mhm.

Answer 10

@ccowart22 thank you also for your help

Answer 11

Wasn't sure what gross income meant

Answer 12

45k would be your "net income"