Summer job question?

Summer job salary question?

  • Answer:

    You have to pay income tax on money that you earn. I assume you will fall into the lowest income tax bracket (less than $8700 for the whole year), in which case you'd pay 10%. $1220 x 0.1 = $122 $1220 - $122 = $1098. So that's what you would end up with.

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You have to pay income tax on money that you earn. I assume you will fall into the lowest income tax bracket (less than $8700 for the whole year), in which case you'd pay 10%. $1220 x 0.1 = $122 $1220 - $122 = $1098. So that's what you would end up with.

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