Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. tell me your dream job and research the average

3. Tell me your dream job and research the average salary. Below I've copied the...

60.1K

Verified Solution

Question

Accounting

image
3. Tell me your dream job and research the average salary. Below I've copied the tax rates for 2022. Use it to compute the salary you would owe if you had that job last year. The standard deduction for a Single Filer is $12,950. You don't have to pay taxes on this much of your income. We'll assume there were not other types of income, say from investments. What is your effective tax rate? (effective tax rate = amount in tax/salary) What does the $4,807.50 stand for in the 3rd line? This portion will contain your job, the average salary you found and a link to where you found that salary. You need to show me the calculations for computing the income tax owed by someone making this salary. Finally, you need to show the effective tax rate and answer the final

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students