What is the family share of earnings


Question: Nancy lives in California where her state income tax rate is 9.3% and her federal tax rate is 22%. She contributes 25% of her after-tax income for personal consumption. She earns $130,000 annually. What is her Family's Share of Earnings? Group of answer choices $22,327.50 $40,690.00 $63,017.50 $66,982.50

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the family share of earnings
Reference No:- TGS03417401

Expected delivery within 24 Hours