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31 August, 00:37

You earn $30,000 per year, and the federal tax rate is 10 percent. Your gross income is

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  1. 31 August, 02:12
    0
    The gross income in this example is $33,333, as the gross income is the amount that every employee earns, before taxes and social security contributions are deducted.

    As 10% is deducted to pay taxes (in this case it would be $3,333), the net income is of $30,000, which is the amount that is won during the year.
  2. 31 August, 03:07
    0
    10% is 0.1 as a decimal. So take 30,000 x 0.1 = $3,000 gross income.
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