Question

Rex makes $12.50 per hour. He works 152 hours a month. He pays 24% of his gross earnings to federal and state taxes. He is considering renting an apartment for $800 per month. What is Rex's net pay after taxes is taken out?

Answer 1

Rex's net pay after taxes is taken out is $1444.

Explanation:

We are given the following in the question:

Rex's earning = $12.50 per hour

Total number of hours every month = 152

Total earning =

`12.50* 152\\=\$1900`

Percentage of federal and state taxes = 24%

Amount of federal and state tax =

`24\%* \text{ Total earning}\\\\=(24)/(100)* 1900\\\\=\$456`

Rex's net pay after taxes is taken out =

`=\text{Total income - Taxes}\\=1900 - 456\\=\$ 1444`

Thus, Rex's net pay after taxes is taken out is 1444$.