a company employee earns 40,000 per year. A self-employed person also earns 40,000 but pays 6,120 for social security and 1,600 per year for health plan. how much will each person have left over?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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a company employee earns 40,000 per year. A self-employed person also earns 40,000 but pays 6,120 for social security and 1,600 per year for health plan. how much will each person have left over?

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