18 days ago

You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop

ia) a year. You are now faced with the decision of whether to work a second job at the local university teaching a real-estate investing class, where the pay is 45,000 marks a year. Social insurance tax and income tax rates are listed below.
Social insurance taxes: 7.65% on your first 110,100 marks of total income

Income taxes:

Taxable income (in marks) Tax rate
0–8,700 10%
8,700–35,350 15%
35,350–85,650 25%
85,650–178,650 28%

Using the information above, what would be the total amount you pay in social insurance taxes on your second job?

Business

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