Question

Nolan earns $16 an hour and works 100 hours per month. His employer takes out 25% for income tax

Answer 1

Answer:

Nolan's net monthly income is $1168.

Step-by-step explanation:

Nolan earns $16 an hour and he works 100 hours per month.

So, the monthly gross income of Nolan will be $(16 × 100) = $1600.

Now, his employer takes out 25% for income tax  and 2% for employment insurance.

So, the total deduction from his gross income is (25 + 2) = 27% as income tax and employment insurance.

Therefore, Nolan's net monthly income is $1600(1 - \frac{27}{100}) = 1168$ dollars. (Answer)