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 gross income is

A. $4,000

B. $16,000

C. $20,000

D. $40,000

Question

Mathematics

Mateo

16 October, 00:13

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 gross income is

A. $4,000

B. $16,000

C. $20,000

D. $40,000

+2

Answers (1)

Know the Answer?

Kimberly Henderson · Answer 1

40 hrs per week for 50 weeks : 40 (50) = 2000 hrs

2000 hrs at 10 per hr = (2000) (10) = 20,000.

tax rate is 20% : 0.20 (20,000) = 4000

20,000 - 4,000 = 16,000 < = = gross pay

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 gross income isA. $4,000B. $16,000C. $20,000D. $40,000

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 gross income is

A. $4,000

B. $16,000

C. $20,000

D. $40,000