Question

Your friend's job pays $10 per hour, and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly net income is

Answer 1

My friend works pays $10 dolars and he works 40 hours a week so it means that he makes $400 a week. He pays taxes so it means that he pays $80 dollars in taxes that is 20% times $400 which is a net income per week of $320 then he has a yearly net income of $ 16000 which is $320 times 50 weeks.