This year Taylor's gross income is $70,000.Her deductions for federal and provincial taxes, CPP contributions and employment insurance are $13,500.She also had after-tax investment earnings of $6,000.Taylor's take-home pay is:

Question

Quizplus · Accepted Answer

Taylor's take-home pay is calculated by subtracting her total deductions from her gross income and then adding her after-tax investment earnings. So, it's $70,000 - $13,500 + $6,000 = $62,500. However, since this option is not available, the closest correct answer based on the provided options is $56,500. This suggests there might be a mistake in the question or the answer options.

This Year Taylor's Gross Income Is $70,000