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business math

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Karl Dieter earns $24,862 per year. He is paid 24 times per year and claims 5 exemptions. If $39.99 is withheld from each paycheck, at what rate is he taxed?

  • business math - ,

    Tax Rate = 24*39.99*100%/24,862 = 3.86 %

  • business math - ,

    sorry henry but your wrong....

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