Final answer:
To find out how much money is left after taxes from a $3159 paycheck with a 41% tax rate, calculate the tax amount ($1295.19) and subtract it from the gross pay, resulting in a net income of $1863.81.
Step-by-step explanation:
The student has a gross income of $3159 and needs to pay 41% in taxes. To calculate the money left after taxes, convert the percentage to a decimal by dividing by 100. Hence, 41% is 0.41 as a decimal. Then, multiply the gross income by this decimal to find the tax amount.
Tax amount = Gross income × Tax rate as a decimal
Tax amount = $3159 × 0.41 = $1295.19
Now subtract the tax amount from the gross income to find the net income or the money you have left after taxes.
Net income = Gross income - Tax amount
Net income = $3159 - $1295.19 = $1863.81
Therefore, after rounding to the nearest cent, the person will have $1863.81 left over after taxes.