Order the following steps to explain the correct process for calculating net income.

Reorder answers

1. Subtract the tax withholdings from the gross income.

Reorder answers

2. Convert the tax rate to a decimal.

Reorder answers

3. Multiply the tax, as a decimal, with the gross income.

Question

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Mathematics

24 July, 21:40

Order the following steps to explain the correct process for calculating net income.

Reorder answers

1. Subtract the tax withholdings from the gross income.

Reorder answers

2. Convert the tax rate to a decimal.

Reorder answers

3. Multiply the tax, as a decimal, with the gross income.

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Answers (1)

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Aryana Stein · Answer 1

Convert the tax rate to a decimal so 8.75% becomes 0.875

Multiply the tax, as a decimal, with the gross income so 1,000 x 0.0875 = 87.5

Subtract the tax withholdings from the gross income 1000 - 87.5 = 912.5

Order the following steps to explain the correct process for calculating net income.Reorder answers1. Subtract the tax withholdings from the gross income.Reorder answers2. Convert the tax rate to a decimal.Reorder answers3. Multiply the tax, as a decimal, with the gross income.

Order the following steps to explain the correct process for calculating net income.

Reorder answers

1. Subtract the tax withholdings from the gross income.

Reorder answers

2. Convert the tax rate to a decimal.

Reorder answers

3. Multiply the tax, as a decimal, with the gross income.