A good estimation for planning on purposes is to figure on ________ of your gross income to be realized income.


65% ***

70%

80%

If I was told that I would be making $40,000/year, would I need to multiply or divide by the percentage from the first question to find what the realized income would be?

Multiply

Divide ***

You are working a new job and make $11.25/hr for 28 hours each week.  What is your expected realized income if you are a bi-weekly employee?

$630.00

$441.00 ***

$220.50


You are looking for a new job, but you know that you need $395 every week to pay all of your bills.  What minimum hourly wage should you be looking for if you can work 35 hours each week?

$9.88/hr

$11.29/hr ***

$16.12/hr

1 answer

What is a bi-weekly employee?

Your first and last answers are right.