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Ups removed the quick link to “view my paycheck “
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<blockquote data-quote="CoffeeStainedUniform" data-source="post: 4075719" data-attributes="member: 73423"><p>Thanks for the previous example. I wasn't sure, I was just going off of how I would do it were I them.</p><p></p><p>In answer to your question we have a graduated tax bracket. Lets say you make 100k per year. It could break down like this (though tax brackets and % are going to be made up for simplicity):</p><p></p><p>First 40k is taxed at 15% ($6,000)</p><p>Then you are in a "new tax bracket:</p><p>From 40k to 60k is at 20% ($4000)</p><p>And then 60k to 100k is taxed at 30% ($12,000)</p><p>Total tax = $22,000 (or 22%) even though you're in a '30% tax bracket'</p><p></p><p>Does that make sense?</p></blockquote><p></p>
[QUOTE="CoffeeStainedUniform, post: 4075719, member: 73423"] Thanks for the previous example. I wasn't sure, I was just going off of how I would do it were I them. In answer to your question we have a graduated tax bracket. Lets say you make 100k per year. It could break down like this (though tax brackets and % are going to be made up for simplicity): First 40k is taxed at 15% ($6,000) Then you are in a "new tax bracket: From 40k to 60k is at 20% ($4000) And then 60k to 100k is taxed at 30% ($12,000) Total tax = $22,000 (or 22%) even though you're in a '30% tax bracket' Does that make sense? [/QUOTE]
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Ups removed the quick link to “view my paycheck “
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