1. Tax Bracket for $100,000 Salary:
Someone who makes $100,000 would typically fall into the 22% tax bracket for federal income tax in the United States. It's important to note that tax brackets can vary depending on individual circumstances and deductions.
2. Weekly Salary Calculation:
- Hourly rate: $22
- Hours worked per day: 8
- Days worked per week: 4
To calculate the weekly salary:
Weekly salary = Hourly rate x Hours worked per day x Days worked per week
Weekly salary = $22/hour x 8 hours/day x 4 days/week
Weekly salary = $22 x 8 x 4
Weekly salary = $704
Therefore, working at $22 per hour for 4 days a week for 8 hours a day would result in a weekly salary of $704.
3. Yearly Salary Calculation:
To find the yearly salary based on the weekly salary:
Yearly salary = Weekly salary x Weeks in a year
Yearly salary = $704/week x 52 weeks/year
Yearly salary = $36,608
So, the yearly salary would be $36,608.
4. Tax Bracket for Yearly Salary:
Based on the yearly salary of $36,608, the individual would likely fall into a lower tax bracket compared to someone earning $100,000 annually. The exact tax bracket would depend on various factors including deductions, credits, and filing status.
Step-by-step explanation:
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