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28 May, 16:19

You earn 50,000 per year and the federal tax rate is 10 percent your net income is

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  1. 28 May, 16:42
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    Federat tax = 10% of 50,000 = 0.1 x 50,000 = 5,000

    Net income = 50,000 - 5,000 = 45,000
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