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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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  1. 11 August, 10:18
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    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
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