cristianozaman cristianozaman
  • 28-04-2021
  • Mathematics
contestada

Your salary is $105,000 per year
Each month, 16% of your income is deducted for taxes?

7. What is your after-tax monthly income?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 29-04-2021

9514 1404 393

Answer:

  $7350

Step-by-step explanation:

The tax deduction multiplies your income by 1 -16% = 84%. The expression of it as a monthly amount multiplies it by 1/12. So, your monthly take-home income is ...

  $105,000(0.84)(1/12) = $105,000(0.07) = $7,350

Your after-tax monthly income is $7350.

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