On which of the following types of income would you normally have income tax withheld?
2 answers
wages
Suppose 26% of your monthly pay is withheld for federal income taxes and another 8% is withheld for Social Security, state income tax, and other miscellaneous items. If you are left with $843.81 a month in take-home pay, then the amount you earned before the deductions were removed from your check is given by the equation G-0.26 G-0.08 G=843.81
Solve this equation to find your gross income.
Solve this equation to find your gross income.