Question
Hello I want solution tot his answer: I have answer but failed to got this answer. Please help me. All chegg solutions are wrong related
Hello I want solution tot his answer: I have answer but failed to got this answer. Please help me. All chegg solutions are wrong related to this question so do not use that method.
Sasha has annual gross income of $54,000 and works as a lawyer. What is the maximum disability insurance coverage she can get if she can qualify for 90% of her after tax income? (Use the tax table above and input the number only, to the nearest dollar.)
Correct Answer: | 3,363 |
Simplified Marginal Tax Rates | ||||
Beginning of range | End of range | Tax up to start of range | Marginal rate | |
- | to | 12,000 | - | 0% |
12,000 | to | 20,000 | - | 15% |
20,000 | to | 48,000 | 1,200 | 22% |
48,000 | to | 95,000 | 7,360 | 30% |
95,000 | to | 148,000 | 21,460 | 40% |
148,000 | to | 210,000 | 42,660 | 45% |
210,000 | and | above | 70,560 | 50% |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started