Your friend's job pays $10 per hour, and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly net income is

Question

Dayana

Social Studies

3 February, 15:09

Your friend's job pays $10 per hour, and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly net income is

+1

Answers (1)

Know the Answer?

Nicholas Case · Answer 1

You have:

10$/hour

40 hours / week

50 weeks / year

he gets $400 per week x 50 weeks = $20,000

but 20% of $20,000 is $4,000

so you subtract it to get $16,000