Answer - If a person make $29 an hr, what is they year income?
- Posted:
- 3+ months ago by WALKER_1972
- Topics:
- person, year, answer
Answers (2)
Before taxes, it would be about 70k dollars annually, According to newsmax,com 30% of your year now goes to taxes, subtract that and you'll get your actual income. For a typical 40 hour week 5 days a week would be 55k dollars annually after taxes just subtract 30%. I believe this percentage includes all taxes, not just income taxes, but we also pay retail sales taxes. When ever you buy something from the store a percentage of the price of that product includes it's sales tax and we are paying for them.
America has the highest taxes in the world... that's a fact. According to another article I read on Fortune,com the taxes are around 40% but these questions cannot be answered with certainty.