Question
Problem 02-04 (Algo) [LO 2-1, 2-2] Mrs. King, a single taxpayer, earns a $52,000 annual salary and pays 15 percent in state and federal income
Problem 02-04 (Algo) [LO 2-1, 2-2] Mrs. King, a single taxpayer, earns a $52,000 annual salary and pays 15 percent in state and federal income tax. If tax rates increase so that Mrs. Kings annual tax rate is 20 percent, how much additional income must Mrs. King earn to maintain the same after-tax disposable income?
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
