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Economics - Financial Markets 19 Online
OpenStudy (anonymous):

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 net income is $4,000 $16,000 $20,000 $40,000

OpenStudy (anonymous):

i did 20,000 x .20 an got 4,000

OpenStudy (praetorian.10):

:D

OpenStudy (anonymous):

im assuming thats right? thats not too low? Am i supposed to subtract 4000 from 20000?

OpenStudy (praetorian.10):

i spent ages trying to work out why my answer was off

OpenStudy (praetorian.10):

it turned out i noticed not the part where it says 50 weeks not 52

OpenStudy (praetorian.10):

i assumed and was erroneous thereof

OpenStudy (praetorian.10):

you are correct, in short hand.

OpenStudy (praetorian.10):

well done

OpenStudy (anonymous):

thank you :)))

OpenStudy (praetorian.10):

my pleasure

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