Question

You make $18.50 per hour and work 40 hours

per week. You are paid once per month, and

pay 30% in taxes and deductions.

1. How much do you make per month after

taxes and deductions?

2. How much do you make per year after taxes

and deductions?

Answer 1

Net earning per month = $2,072

Net earning per year = $26,936

Step-by-step explanation:

Given:

Amount earn per hour = $18.50

Number of hour in a week = 40 hours

Taxes and deduction = 30% = 0.3

Find:

Net earning per month

Net earning per year

Computation:

Net earning per month = [Amount earn per hour][Number of hour in a week][Number of week in a month][1-Taxes and deduction]

Net earning per month = [18.50][40][4][1-03]

Net earning per month = $2,072

Net earning per year = [Amount earn per hour][Number of hour in a week][Number of week in a year][1-Taxes and deduction]

Net earning per year = [18.50][40][52][1-0.3]

Net earning per year = $26,936