A good estimation for planning on purposes is to figure on ________ of your gross income to be realized income.

65% ***

70%

80%

If I was told that I would be making $40,000/year, would I need to multiply or divide by the percentage from the first question to find what the realized income would be?

Multiply

Divide ***


You are working a new job and make $11.25/hr for 28 hours each week. What is your expected realized income if you are a bi-weekly employee?

$630.00

$441.00 ***

$220.50


You are looking for a new job, but you know that you need $395 every week to pay all of your bills. What minimum hourly wage should you be looking for if you can work 35 hours each week?

$9.88/hr

$11.29/hr ***

$16.12/hr

( please check my answers.)

Respuesta :

Mkay so the first one is correct and that ties into the second one because if you divide 40,000 by 65% you end up with a larger number, which doesn't make sense so we multiply. So for the third one we would need to find out how much you make every two weeks and if you work 28 hours each week that would add up to 56 hours, then you multiply that by the pay made every hour and get $630, and I believe realized income means it hasn't or won't be taxed so 630 is the answer. Then for the final one we would simply multiply the hours worked every week, 35, by our answer choice until we have an answer over 395, which would be 11.29 an hour, giving an income of $395.15. Let me know if this helps any.
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