audinilovelaudinAG
Answered

Your friend's job pays $10 per hour and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly gross income is $4,000 $16,000 $20,000 $40,000

Verified Answer :

Hagrid

Your friend's job pays $10 per hour and he works 40 hours per week.
 => 10 dollars 40 hours = 400 dollars per week 
=> 400 dollars 50 weeks = 20 000 dollars per year
=> Minus his tax rate is 20 percent.
=> 20 000 dollars * .20 = 4000 dollars
=> 20 000 - 4000 = 16 000 dollars is his yearly gross.

yersanabria

Answer:

His yearly gross income is $16.000.

Explanation:

Your friend's job pays $ 10 per hour and he works 40 hours per week:


$10 per hour * 40 hours working in the week = $400 per week


If he works 50 weeks of the year:


$400 per week * 50 weeks working per year = $20,000 per year.


The tax rate is the percentage of taxes paid to the law by the company on its income.


If you earn $20,000 a year, and if the tax rate is 20% the tax generated is $ 4000.


So, $20,000 a year - $4000 of the tax rate = $ 16,000 a year.