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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21-02-2017
Social Studies

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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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jessicakleiman1 jessicakleiman1 · Answer 1 · 2017-02-21T20:13:09+01:00

jessicakleiman1 jessicakleiman1

21-02-2017

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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