Mathematics, 06.05.2020 00:13 KylaChanel4756

Tim is an engineer making $120,024 annually and will be paid once a month. Each month he will have the following deductions taken from his paycheck:
- Social Security at a rate of 5.7%
- Medicare at a rate of 2.1%
- State taxes at a rate of 7%
- Federal taxes at a rate of 15%
- Insurance premiums for the amount of $474

How much is Tim’s GROSS MONTHLY salary?

How much is Tim’s NET MONTHLY salary?

Answers: 3

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Tim is an engineer making $120,024 annually and will be paid once a month. Each month he will have t...