Question

Tamara earns $8 an hour at her job working 25 hours per week. 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month)

pls show work!:) thank you!

Answer 1

Explanation:

Multiply 8 times 25, next multiply the answer by 4, finally, multiply the answer by 0.78.

8 x 25 = 500

500 x 4 = 2,000

2,000 x .078 = 1,560

Tamara's monthly inflow is $1,560.00

Answer 2

Tamara's monthly cash inflow is $624.

Explanation:

In the given context, monthly cash inflow is Tamara's net monthly income. This is her pay after the deduction of tax.

Given Tamara earns $8 an hour at her job working 25 hours per week, and there are 4 pays per month, Tamara's gross monthly income is:

⇒ Gross monthly income = pay rate × hours per week × pays per month

⇒ Gross monthly income = 8 × $25 × 4

⇒ Gross monthly income = $800

Given 22% of her paycheck goes to taxes, the amount she pays in taxes is:

⇒ Tax = 0.22 × $800

⇒ Tax = $176

To calculate Tamara's monthly cash inflow (net income), subtract the amount she pays in taxes from the gross monthly income:

⇒ Monthly cash inflow = gross monthly income - tax

⇒ Monthly cash inflow = $800 - $176

⇒ Monthly cash inflow = $624

Therefore, Tamara's monthly cash inflow is $624.