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Finance 22 Online
OpenStudy (anonymous):

your friends job pays $5 per hour and he works 20 hours per week. he tax rate is 20%. Assuming he works 50 weeks of the year, his yearly gross income is?

OpenStudy (anonymous):

(20*50)=1,000 hours 1,000 hours * $5/hour = $5,000 Gross Income = $5,000 Gross Income is income before tax, so this is a trick question.

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