Question
solve for the amout of take home pay (after taxes) you would earn if you gross pay was1,325 every two weeks, and your tax rate was 12.5%.
Answers
GPT-4o mini
To calculate your take-home pay after taxes, you can follow these steps:
1. **Determine the total tax amount**: Multiply your gross pay by your tax rate.
2. **Subtract the total tax from your gross pay**: This will give you your take-home pay.
Let's perform the calculations:
1. **Gross Pay**: $1,325
2. **Tax Rate**: 12.5%
**Calculate the total tax:**
\[
\text{Total Tax} = \text{Gross Pay} \times \text{Tax Rate} = 1,325 \times 0.125 = 165.625
\]
**Calculate the take-home pay:**
\[
\text{Take Home Pay} = \text{Gross Pay} - \text{Total Tax} = 1,325 - 165.625 = 1,159.375
\]
Thus, your take-home pay every two weeks would be approximately **$1,159.38** (if rounding to the nearest cent).
1. **Determine the total tax amount**: Multiply your gross pay by your tax rate.
2. **Subtract the total tax from your gross pay**: This will give you your take-home pay.
Let's perform the calculations:
1. **Gross Pay**: $1,325
2. **Tax Rate**: 12.5%
**Calculate the total tax:**
\[
\text{Total Tax} = \text{Gross Pay} \times \text{Tax Rate} = 1,325 \times 0.125 = 165.625
\]
**Calculate the take-home pay:**
\[
\text{Take Home Pay} = \text{Gross Pay} - \text{Total Tax} = 1,325 - 165.625 = 1,159.375
\]
Thus, your take-home pay every two weeks would be approximately **$1,159.38** (if rounding to the nearest cent).