Question

Selena's gross annual salary as the Content editor of a fashion Magazine is Rs 40000 she contribute 10% of her salary. before she pays taxes to a retirement account 25% of her remaining salary is then consumed in state and federal taxes. what is the selenas annual in take home salary if she also has to pay Rs 30 for health Insurance each month.
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Answer 1

Answer:

Selena's annual intake home salary is $ 26,640.

Step-by-step explanation:

Since Selena's gross annual salary as the content editor of a fashion Magazine is $ 40,000, and she contributes 10% of her salary before she pays taxes to a retirement account, and 25% of her remaining salary is then consumed in state and federal taxes, To determine what is Selena's annual intake home salary if she also has to pay $ 30 for health Insurance each month, the following calculation must be performed:

40,000 - (40,000 x 0.1) - (40,000 x 0.9 x 0.25) - (30 x 12) = X

40,000 - 4,000 - 9,000 - 360 = X

26.640 = X

Therefore, Selena's annual intake home salary is $ 26,640.