Agnes earns $25,000 as salary. His deductions include a tax of $3,400 and medical expenses of $1,250. He also receives a travel allowance of $1,050. What will be his net pay? $21,600 $21,400 $26,050 $23,750
Based on the calculation below, it can be seen that net pay of Agnes is $21,400.
The net pay of Agnes can be calculated using the following formula:
Net pay = Salary - Tax - Medical expenses + Travel allowances …………. (1)
Substituting all the relevant values into equation (1), we have:
Net pay = $25,000 - $3,400 - $1,250 + $1,050
Net pay = $21,400
Therefore, net pay of Agnes is $21,400.
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