tamara earns $8 an hour at her job working 25 hours per week. if 22% of her paycheck goes to taxes, what is…

tamara earns $8 an hour at her job working 25 hours per week. if 22% of her paycheck goes to taxes, what is tamaras monthly cash inflow? (assume this is her only source of income and that there are 4 pays per month.)\na. $176\nb. $624\nc. $778\nd. $800\nplease select the best answer from the choices provided\na\nb\nc\nd

tamara earns $8 an hour at her job working 25 hours per week. if 22% of her paycheck goes to taxes, what is tamaras monthly cash inflow? (assume this is her only source of income and that there are 4 pays per month.)\na. $176\nb. $624\nc. $778\nd. $800\nplease select the best answer from the choices provided\na\nb\nc\nd

Answer

Explanation:

Step1: Calculate weekly earnings

$8\times25 = 200$ (dollars per week)

Step2: Calculate pre - tax monthly earnings

$200\times4=800$ (dollars per month pre - tax)

Step3: Calculate the amount of tax

The tax rate is 22% or 0.22. So the tax amount per month is $800\times0.22 = 176$ dollars.

Step4: Calculate monthly cash inflow

Monthly cash inflow = Pre - tax monthly earnings−Tax amount. So $800 - 176=624$ dollars.

Answer:

B. $624$