Question

Calculate the starting income each position will provide you after taxes using an estimated flat tax...

Calculate the starting income each position will provide you after taxes using an estimated flat tax rate of 30% as well as the annual income you would make at the 5-year mark after taxes using a flat tax rate of 33%.

Position 1: starting annual $36,000
Position 2: starting annual $37,000
Position 3: starting annual $34,770

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Answer #1

The income calculated as below:

In absence of any information om growth, its been assumed that the income remains the same and the tax rate changes.

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