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Arturiano [62]
3 years ago
14

According to the Bureau of Labor Statistics, in 2014, the average annual salary for a Medical Assistant was $31,220. Assuming th

at a Medical Assistants' salary puts them in the 20% income tax bracket, determine the Medical Assistant’s net income (income after taxes are taken out).
Mathematics
2 answers:
OverLord2011 [107]3 years ago
7 0

<u>Answer:</u>

$24,976

<u>Step-by-step explanation:</u>

We know that the average annual salary for a Medical Assistant was $31,220.

So if the Medical Assistants' salary puts them in the 20% income tax bracket, we can find out the net income, after all the taxes are taken out.

If 20% of the Medical Assistants' salary goes to the income tax then the remaining (100-20=) 80% must be his net income.

So calculating the 80% of his annual salary to find his net income:

80% * 31220\\\\=\frac{80}{100} * 31220\\\\=24976

Therefore, a Medical Assistants' net income is $24,976.

Agata [3.3K]3 years ago
4 0

Answer:

24976

Step-By-Step:

Turn the percentage into a decimal then multiply by the amount given.

31,220*.20=6244

Subtract the amount from the original amount.

31,220-6244=24976

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