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.) a. $176 b. $624 c. $778 d. $800 please select the best answer from the choices provided

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.) a. $176 b. $624 c. $778 d. $800 please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate weekly earnings

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

Step2: Calculate monthly pre - tax earnings

Since there are 4 pays per month, $200\times4=800$ (dollars per month pre - tax)

Step3: Calculate the percentage of income after tax

The percentage of income remaining after 22% tax is $100%-22% = 78%=0.78$

Step4: Calculate monthly cash inflow

$800\times0.78 = 624$ (dollars)

Answer:

B. $624$