a marketing executive earns an annual salary of $78,300 and she contributes $6500 per year to her 401 (k) plan. if she has a required deduction for income taxes (federal state and local combined) of 27% of income how much is withheld in income taxes per year
a- 19,386
b-21,114
c-22,896
d-17,550

Respuesta :

With the assumption being made that the 401-k deductions are pre-tax deductions your calculation is as follows:

78,300 - 6,500 = 71,800 (this is your new taxable value)

71,800 * 0.27 = 19,386 (This is the amount that will be withheld in income taxes per year.

Your answer is A.

Answer:

19,386

Step-by-step explanation:

APEX