228k views
3 votes
IF A JOB PAYS 45,000 PER YEAR YOU LIVE IN A STATE WHERE YOUR LOCAL TAX BURDEB IS 22% AND YOU RECIEVE A WEEKLY PAYCHECK WIS IS YOUR TAKE HOME PAY FROM EACH CHECK?

2 Answers

0 votes

Answer:

$375

Step-by-step explanation:

45000 * 22% = 9900

45000-9900 = 3100

310/52 = 375

User McAngus
by
7.6k points
4 votes

Suppose the tax burden is 22% taken in a year's worth of salary. In this case, the amount of salary that is left you would be:

Annual Net Salary = 45,000 * (1 - 0.22) = $35, 100

Now, we divide this salary into per week. In 1 year, there are 12 months. In 1 month, there are approximately 4 weeks. The conversion is as follows:

Weekly Net Salary = (35100/year)(1 year/12 months)(1 month/4 weeks)

Weekly Net Salary = $731.25

User GodEater
by
7.0k points