Meera is a hard worker and in 2022 earned a gross annual salary of $225,000. As a
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Question:
Meera is a hard worker and in 2022 earned a gross annual salary of $225,000. As a top performer, she also received a bonus just before the end of the year in the amount of $35,000. With Meera being in the top marginal tax bracket, how much of her bonus will she get to keep after tax?
2022 Taxable Income | Income |
---|---|
first $46,295 | 27.53% |
over $46,295 up to $50,197 | 32.53% |
over $50,197 up to $92,580 | 37.12% |
over $92,580 up to $100,392 | 41.12% |
over $100,392 up to $112,655 | 45.71% |
over $112,655 up to $155,625 | 47.46% |
over $155,625 up to $221,708 | 50.23% |
over $221,708 | 53.31% |
Related Book For
Core Concepts Of Accounting Information Systems
ISBN: 9780470507025
11th Edition
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
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