Question

Your friend's job pays $15 per hour, and she works 40 hours per week. Her effective tax rate is 10 percent. Assuming she works 50 weeks per year, how much will your friend pay in taxes?

Answer 1

The tax paid by a friend is $3,000. If she works 50 weeks per year and she works 40 hours per week.

What is Tax?

In practically every nation on the planet, governments impose taxes as mandatory levies on people or things. Taxation is primarily used to generate money for government spending, though it can also be used for other things.

Given,

Pay per hour =$15

Woking per hour = 40 hours per week

Total working week = 50 weeks per year

Tax Rate = 10%

Required to calculate Tax Amount =?

Tax Amount = Total earning( Pay per hour x Woking per hour x Total working week) x Tax Rate

Tax Amount = ($15 x 40 x 50) x 10% = $3000

Thus, her Tax liability of her is $3000

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