Question

Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara’s monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.)

Answer 1

First find out she makes in 1 month before tax.

• $8/h * 25h = $200/week

Multiply by 4 payments and you get one month's pay.

• $200 * 4 payments = $800/month

Now calculate 22% of 800.

• 0.22 * 800 = 176

Subtract tax from pay.

• 800 - 176 = 624

Tamara's monthly cash inflow is $624.

Answer 2

$8x24=200

22% of 200 is 44 dollars

you said she gets paid 4 times a month so therefor 44x4 = 176