Sarah, a young speech pathologist that just graduated and got a job as a speech teacher! Yay! At her new job, she'll earn an annual salary of $62,000. Very cool! 1. Each year, she must pay 40% of her salary to state, local and federal taxes. a) What is her annual take-home pay? This is the amount she has left over after paying her taxes. b) What is her monthly take-home pay? c) If she pays $1700 in rent per month, how much does she have left over each month?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Sarah's annual salary is $62,000
Given that each year, she must pay 40% of her salary to state, local and federal taxes.
a)
Since she pay 40% of her annual salary for all taxes, the amount she pays for all the taxes is .
So the amount she pays for all taxes is $24,800.
Then, Sarah's annual take-home pay = Sarah's annual salary - Amount she pays for all taxes
= 62000-24800
= 37200
Therefore Sarah's annual take-home pay is $37,200.
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