Question

Net Income DO 9 Deduction Percentage of gross income 1 point If Betty has a gross income of $3000 a month, what is her net income? Social Security 6.2% Type your answer... Medicare 1 45% Income tax 12.5% Medical $300 Next Previous O M

Answer 1

The answer is very simple

The net income is

`\text{net income = }3000\text{ - 3000}\cdot(0.062)\text{ -3000}\cdot(0.0145)-3000\cdot(0.125)\text{ -300}`

net income = 2095.5

That is the solution