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If you make 450 a month but 15 percent is held out of each paycheck for social security and taxes, how much do you bring home?

User Sghael
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1 Answer

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Final answer:

After a 15 percent deduction for social security and taxes from a $450 monthly income, you would take home $382.50.

Step-by-step explanation:

If you make $450 a month and 15 percent is withheld from each paycheck for social security and taxes, you need to calculate how much money you will take home after these deductions. To find out, you multiply your monthly earnings by 0.85 (which is 100% - 15%). Here's the calculation:

Gross Monthly Income: $450
Deduction Rate: 15%

Net Income Calculation:
450 x (100% - 15%)
450 x 85%
450 x 0.85 = $382.50

Therefore, after a 15 percent deduction, the amount you would bring home is $382.50.

User Sandeep Sukhija
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