Question

You have a full time job that pays $2,400 per month. You decide to take a part-time job delivering newspapers that pays $200 per week.

If 15% is withheld for taxes from both jobs, how much would you make in a year after taxes?

$26,520
$31,200
$33,320
$39,200

Answer 1

$33,320.00 a year after taxes

Answer 2

I would make $33,320 after taxes.

Step-by-step explanation:

If I have a full time job that pays $2,400 per month, the total amount of earnings in a year will be of $28,800 (2,400 x 12).

On the other hand, my part time job pays $200 per week, so, as a year has 52 weeks, the total amount of earnings will be of $10,400 (200 x 52).

Combined, I would make $39,200 a year, but as 15% is withheld from taxes from both jobs, I make $33,320 a year (39,200 - 39,200 x 0,15).