Marc's annual salary is $50000. He will pay 30% of his income in taxes. How much is his monthly income after taxes?

Question

Marc's annual salary is $50000. He will pay 30% of his income in taxes. How much is his monthly income after taxes?

Answer 1

Hi Raven, start by finding out how much Marc will pay in taxes. Then subtract this amount from his salary. Last, divide by 12 to find the monthly salary.

 

Step 1, find out how much Marc will pay in taxes:

 

50000 * .30 = 15000

 

Marc will pay $15000 in taxes.

 

Step 2, subtract the taxes from Marc's salary:

 

50000 - 15000 = 35000

 

Marc will have $35000 left after paying taxes.

 

Step 3, divide what is left by 12 to get Marc's monthly income:

 

35000 / 12 = 2916.67

 

Marc's monthly income will be $2916.67

 

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