SOLUTION: 1.) You applied for your dream job and just found out you got it. Your contract says that you will be making $30,000 a year. To budget your expenses, you figure out that your t

Question 1036441: 1.) You applied for your dream job and just found out you got it. Your contract says that you will be making $30,000 a year. To budget your expenses, you figure out that your tax rate is 15%, your insurances will be $200 a month, and you want to put 3% away for your retirement. What is your gross income per month and net income (after deducting taxes, insurance and retirement) each month?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Gross is $2500, ($30,000/12)
From gross, subtract 15% ($375) for taxes, $200 for insurance and $75 for retirement. The net income will be $2500-$650=$1850.
RELATED QUESTIONS
You applied your dream job and just found out you got it your contract states that you... (answered by greenestamps)

You found your dream house. It costs $487000, and you put $50000 as a down payment. For... (answered by Theo)

You want to take out a $285,000 mortgage (home loan). The interest rate on the loan is... (answered by Theo)

This year (10 years after you first took out the loan), you check your loan balance. Only (answered by Alan3354)

I am trying to do the following word problem and must be reading something wrong.... (answered by stanbon)

You want to take out a $176,000 mortgage (home loan). The interest rate on the loan is... (answered by Theo)

You want to take out a $176,000 mortgage (home loan). The interest rate on the loan is... (answered by dezbee2008,MathTherapy)

You found a job that pays $12 per hour. After working for one year, you will get a 4%... (answered by rfer)

You want to be able to withdraw $30,000 each year for 30 years. Your account earns 4%... (answered by Boreal)