Question

Mr. V is a physical therapist and he has worked for 2 years in a small Private Practice. His annual/yearly salary is $84,000. He pays 30% income tax. How much will he get monthly after income tax is being withheld? Round your answer to the nearest cent.

Answer 1

Explanation:

Para calcular el salario mensual después de retener el impuesto sobre la renta, seguimos estos pasos:

1. Calculamos el impuesto sobre la renta, que es el 30% de $84,000:

Impuesto sobre la renta=0.30×84,000

2. Restamos el impuesto sobre la renta al salario anual para obtener el salario neto anual:

Salario neto anual=84,000−Impuesto sobre la renta

3. Finalmente, dividimos el salario neto anual entre 12 para obtener el salario mensual:

Salario mensual=

__12___

Salario neto anual

Vamos a calcularlo:

1. Impuesto sobre la renta = 0.30 * 84,000 = $25,200

2. Salario neto anual = 84,000 - 25,200 = $58,800

3. Salario mensual = 58,800 / 12 ≈ $4,900

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Por lo tanto, el Sr. V recibirá aproximadamente $4,900 mensuales después de retener el impuesto sobre la renta.

Answer 2

To calculate Mr. V's monthly income after income tax is withheld, we can use the following steps:

1. Calculate the annual income after tax:

Annual income after tax = Annual salary - (Income tax rate * Annual salary)

Annual income after tax = $84,000 - (0.30 * $84,000)

Annual income after tax = $84,000 - $25,200

Annual income after tax = $58,800

2. Calculate the monthly income after tax:

Monthly income after tax = Annual income after tax / 12

Monthly income after tax = $58,800 / 12

Monthly income after tax = $4,900

So, Mr. V will get $4,900 monthly after income tax is being withheld