John's gross monthly salary is $2,000 starting next month, John receives a 15% raise power month. also starting next month, 30% of his monthly paycheck is withheld for taxes. what will John's net monthly income be next month, after adding the raise and deducting taxes.

Respuesta :

John's gross monthly salary is $2000.

John receives a 15% raise in his salary.

So first we have to find 15% of $2000.

15% of 2000 = [tex] (2000)(\frac{15}{100})[/tex]

= [tex] \frac{(2000)(15)}{100}[/tex]

= [tex] \frac{30000}{100}[/tex]

= [tex] 300[/tex]

John's salary including the raise = $[tex] (2000+300) [/tex] = $2300.

Now 30% of his monthly paycheck withheld for taxes.

30% of 2300 = [tex] (2300)(\frac{30}{100})[/tex]

= [tex] \frac{(2300)(30)}{100}[/tex]

= [tex] \frac{69000}{100}[/tex]

= [tex] 690[/tex]

So the amount of tax deducted = $690.

John's net monthly income = $ [tex] (2300-690) [/tex] = $1610.

So we have got the required answer.