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

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Social Studies

Carleigh Kirk

11 August, 06:52

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

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Timmy · 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