Question

Savings help handle unexpected situations. Jo's $500

for a car repair, and later for a tem
PARTICIPATION
ACTIVITY
6.1.2: Earnings, expenses, and savings.
1) Lee's gross salary is $6000 per month, but federal and state income
tax totals about 30%. What is Lee's net earnings per month?
O $4200
O $5200

Answer 1

$4200

Explanation:

If 30% of Lee's gross salary goes to deductions, then 70% remains as net earnings:

0.70 × $6000 = $4200

Lee's net monthly pay is $4200.