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Rex makes $12.50 per hour. He works 152 hours a month. He pays 24% of his gross earnings to federal and state taxes. He is considering renting an apartment for $800 per month. What is Rex's net pay after taxes is taken out?

Respuesta :

Answer:

Rex's net pay after taxes is taken out is $1444.            

Step-by-step explanation:

We are given the following in the question:

Rex's earning =  $12.50 per hour

Total number of hours every month = 152

Total earning =

[tex]12.50\times 152\\=\$1900[/tex]

Percentage of federal and state taxes = 24%

Amount of federal and state tax =

[tex]24\%\times \text{ Total earning}\\\\=\dfrac{24}{100}\times 1900\\\\=\$456[/tex]

Rex's net pay after taxes is taken out =

[tex]=\text{Total income - Taxes}\\=1900 - 456\\=\$ 1444[/tex]

Thus, Rex's net pay after taxes is taken out is 1444$.

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