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Asked: 2024-07-03T15:56:32-04:00 In:

Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow?

AlmostIronMan

Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara’s monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.)




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    1 Answer

    1. Anonymous

      To calculate Tamara’s monthly cash inflow, we need to follow these steps:

      1. Calculate her weekly earnings:
        • Tamara earns $8 per hour.
        • She works 25 hours per week.
        • Weekly earnings = $8/hour * 25 hours/week = $200/week.
      2. Calculate her monthly earnings before taxes:
        • There are 4 weeks in a month.
        • Monthly earnings before taxes = $200/week * 4 weeks/month = $800/month.
      3. Calculate the amount deducted for taxes:
        • Taxes take away 22% of her paycheck.
        • Tax deduction = 22% of $800 = 0.22 * $800 = $176.
      4. Calculate her monthly cash inflow after taxes:
        • Monthly cash inflow = Monthly earnings before taxes – Tax deduction
        • Monthly cash inflow = $800 – $176 = $624.

      Therefore, Tamara’s monthly cash inflow is $624.