If I make 11.50 an hour working full time (40 hours a week) how much money do i make a year after deducting 60 dollars of taxes from my pay check every month? ( Keep in mind, some months have 4 weeks and some have 5 wks and I get paid bi-weekly not semi monthly )
1 answer:
Given: hourly rate = 11.50 hours worked in a week = 40 hours taxes per moth = 60 Every month may be 4 weeks or 5 weeks but we know that 1 year has 52.1429 weeks. Let us compute for the whole year: Earnings: 11.50 /1 hour * 40 hours/1week * 52.1429 weeks/1year = 11.50 * 40 * 52.1429/year = 23,985.734 per year Taxes: 60 / per month * 12 months / 1 year = 60 * 12/year= 720 per year Net earning per year 23,985.734 - 720 = 23,264.734 Net earning per month 23,264.734 ÷ 12 months = 1,938.81 You will earn 23,264.73 annually from a monthly earning of 1,938.81
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