Calculate the overall percentage that you are paying in taxes. Use the equation editor to show your work. Include your answer as both the decimal representation rounded to the nearest hundredth and the percent rounded to the nearest whole percent.

Net pay refers to the amount of take home pay after taxes and other deductions healthcare, social security, retirement, etc.). For the purposes of this project we will assume everyone is an unmarried Individual with no children. We will assume your net salary is simply your gross salary minus your taxes that you will calculate using the table below) and all of your gross salary will be considered taxable income. Find your net pay. Show all calculations, including descriptions if necessary. Be sure to use the equation editor and label your final solution. Round your solution to the nearest dollar. of Taxable income is Between The Tax Due is: $0-$9,525 10% of taxable income $9,526 - $38,700 $952.50.12% of the amount over $9,525 $38,701 - $82,500 $4,453.50.22% of the amount over $38,700 $82,501 - $157,500 $14,089.50 +24% of the amount over $82,500 $157,501 - $200,000 $32,089.50.32% of the amount over $157,500 $200,001 - $500,000 $45,689.50 35% of the amount over $200,000 $500,001 or more $150,689.50 37% of the amount over $500,000 For the toolbar.press ALT+F10 (PC) or ALTFN+F10 (Mac). TT TT Paragraph Arial 3 (124) XO QQ T' OS: Mashup Salary is 144,233