SOLUTION: GIVEN: Annual Gross Salary: $33,394 Annual Retirement Contribution: 3339.4 Annual Taxable Income = $30,055 Annual Maryland State Tax = $1,375 Annual Federal Tax = $4,055 Annu

Question 1120478: GIVEN:
Annual Gross Salary: $33,394
Annual Retirement Contribution: 3339.4
Annual Taxable Income = $30,055
Annual Maryland State Tax = $1,375
Annual Federal Tax = $4,055
Annual Social Security Contribution =$2,070
Annual Medicare Contribution =$484

Your take-home pay is also referred to as net income. Deduct your retirement, taxes, and contributions from your gross salary. What is this amount?

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
It is $30,055 minus the four others below it which add to $7984
$22,071
Subtract everything from the gross salary. They subtracted the retirement contribution to get $30,055. I continued from there.
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