A person makes $9.75 an hour and works a typical 40 hour work week.
They receive a paycheck every 2 weeks, so they earn a gross wage of _______.
12% of those wages are taxed meaning $______ needs to be subtracted from those annual gross wages.
Their annual net income is then $_____.
I need help with figuring out the gross wage. Also, to figure out the annual gross income is by multiplying by 12 or 26?
Gross wage: $390
Taxes: $46.80
Net income: $343.20
To figure out the annual gross income, you would need to multiply by 26, since that is the number of pay periods in a year.