tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 expenses. if…

tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 expenses. if tyrone works 40 hours per week and has no other sources of income, what is his net inflow? (hint: assume that there are 4 pay - periods per month.) a. $273.50 b. $1,080.00 c. $1,800.00 d. $2,073.50 please select the best answer from the choices provided

tyrones hourly wage is $18 and his net pay is 72% of his earnings. tyrone spends about $1,800 expenses. if tyrone works 40 hours per week and has no other sources of income, what is his net inflow? (hint: assume that there are 4 pay - periods per month.) a. $273.50 b. $1,080.00 c. $1,800.00 d. $2,073.50 please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate weekly earnings before tax

$18\times40 = 720$ (Multiply hourly wage by hours per week)

Step2: Calculate monthly earnings before tax

$720\times4=2880$ (Multiply weekly earnings by 4 pay - periods per month)

Step3: Calculate net pay (monthly income)

$2880\times0.72 = 2073.6$ (Multiply monthly earnings before tax by net - pay percentage)

Answer:

D. $2,073.60$