Answer:
- after taxes: $38,250
- monthly: $3,187.50
Step-by-step explanation:
Your after-tax income is the gross pay less the amount that is paid to taxes. The monthly income is 1/12 of the annual amount.
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The tax is the taxed amount multiplied by the tax rate.
taxes = $45,000 × 15% = $6,750
The after-tax income is the income less the taxes:
after-tax income = $45,000 -6,750 = $38,250
The monthly income is 1/12 of this amount:
monthly income = annual income/12 = $38,250/12 = $3,187.50
