What is her taxable income per pay period


Problem

A large marketing firm. She earns $74,000 annually, paid biweekly. She contributes 5 percent of her gross pay to her qualified 401(k) plan on a pre-tax basis and has a pre-tax medical premium of $125.

Task

What is her taxable income per pay period?

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Taxation: What is her taxable income per pay period
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