rabjohnamanda
Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Steve is a single man whose salary is $92,000 per year. Based on the tax table
below, how much does he need to contribute to his employer's 401(k) in order to
fall in a tax bracket lower than the one he is currently in?

Steve Is A Single Man Whose Salary Is 92000 Per Year Based On The Tax Table Below How Much Does He Need To Contribute To His Employers 401k In Order To Fall In class=

Sagot :

The amount that he needs to contribute to his employer's 401(k) in order to fall in a tax bracket will be $9750.

How to calculate the tax?

From the information given, Steve is a single man whose salary is $92,000 per year. Based on the tax table below, the amount that he needs to contribute to his employer's 401(k) in order to

fall in a tax bracket will be:

= $92000 - $82250

= $9750

Therefore, the amount is $9750

Learn more about tax on:

brainly.com/question/25783927

#SPJ1

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.