SOLUTION: After working a year making $30,000 you recieve a 10% raise, but your health insurance increased to $300 a month and you want to now put 4% away for retirement. What is your new ye

Question 1036547: After working a year making $30,000 you recieve a 10% raise, but your health insurance increased to $300 a month and you want to now put 4% away for retirement. What is your new yearly gross income, your monthly gross, and your net income per month?
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Your initial salary is $30000. After a 10% raise, you are now making:30000+.1(30000)=30000+3000=$33000/year; which amounts to $33000/12, or $2750/month. Putting away 4% a month is $110 per month. $2750-110-300(health insurance)= a net income of $2350 net income per month!!!!!!!!!

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