Question

You currently make $42,000 per year. Your deductions amount to 27% each month. You will get a 3% raise next year. What will be your new take home pay each month?

Answer 1

Your answer would be 48657

Answer 2

42,000  *0.03 = 1260

42000 + 1260 = 43260 will be new yearly salary after 3% raise

43260 /12 = 3605 per month

3605 *0.27 = 973.35 in deductions per month

3605 - 973.35 = $2631.65 take home every month