Thursday, November 7, 2013

Tax on Salary

I work for CHG in Cody, Wyoming so there is no income tax. I am taxed 28% on federal income tax. I multiplied 100,000 by .28 and got 22,145. I then subtracted 6539.5 to get my final answer of 78,539.50. When I heard my salary was 100,000 it sounded good, but after taxes it's not as good as I was expecting.

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