Answer:
Vicky's take home pay per month will be $1,580
Step-by-step explanation:
Given that her salary per annual i.e salary for the year = $24,000
Therefore salary per month would be $24,000/12 = $2,000.
From this, she must pay 15% income tax.
i.e 15% of salary
15/100 * 2000
= 0.15*2000
= $300.
Salary after paying tax = $2,000 - $300= $1,700.
Since, she must repay a loan at a rate of $120 per month we will reduct the loan from her salary,
$1,700 - $120 = $1,580
Vicky's take home pay per month will be $1,580