If you receive $100,000 in retirement and are in a 26% tax bracket,how much will you receive after tax?

Name: If you receive $100,000 in retirement and are in a 26% tax bracket,how much will you receive after tax?
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Question

Quizplus · Accepted Answer

To find out how much you will receive after tax, you need to subtract the tax amount from the retirement income.

Tax amount = 26% of $100,000 = $26,000

After-tax income = $100,000 - $26,000 = $74,000

Therefore, the best choice is C.

If You Receive $100,000 in Retirement and Are in a 26