Question

Your friend's job pays $5.00 per hour, and he works 20 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly gross income is

Answer 1

20% of $5.00 is $1.00. 20*50=1000 and 1000*50=$50,000 a year but with tax you'll have to take away 10000. $40,000 a year.

Answer 2

the gross yearly income will be $ 5000

Step-by-step explanation:

friend's job pays = $5.00 per hour

he works for = 20 hours per week

he works with in years = 50 weeks

tax rate = 20 percent

gross income is the income before any takes is deducted.

friends salary of week = 20 × 5 = $100 per week

friends annual salary = 100 × 50 = $ 5000 per year

hence the gross yearly income will be $ 5000.