Final answer:
Jennifer's monthly take-home pay is approximately $1527.72 after having $624 withheld for taxes, which represents 29% of her gross pay.
Step-by-step explanation:
If Jennifer has $624 taken out of her gross pay in taxes each month and this represents 29% of her gross pay, we need to determine her gross pay and then calculate her take-home pay. To find Jennifer's gross pay, we divide the tax amount by the tax rate:
Gross pay = Tax amount / Tax rate
Gross pay = $624 / 0.29
Gross pay = $2151.72 approximately.
Now, to calculate Jennifer's take-home pay, we subtract the tax amount from her gross pay:
Take-home pay = Gross pay - Tax amount
Take-home pay = $2151.72 - $624
Take-home pay = $1527.72
Therefore, Jennifer's monthly take-home pay, after taxes, is approximately $1527.72.