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

Algebra ->  Finance -> 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      Log On


   

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) About Me  (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.