You have a full time job that pays $2,400 per month. You decide to take a part-time job delivering newspapers that pays $200 per week.

Question

i need help with this question. You have a full time job that pays $2,400 per month. You decide to take a part-time job delivering newspapers that pays $200 per week. If 15% is withheld for taxes from both jobs, how much would you make in a year after taxes?

Answer 1

Start with what you know:

 

ft (full time)= $2,400/ month

pt (part time)= $200/ week

15% taken from taxes

-------------------------

 

1 year= 12 months; 1 month= 4 weeks

 

(12*2,400) + (4*12*200)= $38,400 you made in a year

 

I set up the problem this way because you want to know how much you made that whole year, so if there are 12 months in a year, and you get paid $2,400 a month, then from your full time job you ear (12*2,400). From your PT job you make $200 a week, there are 4 weeks in a month and 12 months in a year, so to calculate what you earned from your PT job, you do: 4*12*200

 

15% of what you made is deducted from taxes:

0.15(38,400)= $5,760

 

After taxes, you made:

$38,400-$5760= $32,640

 

I hope I explained this clearly for you