Question

Start with Sarah- she works 40 hours a week at $18.33 an hour. She gets paid every 2 weeks. After taxes and deductions, her paycheck is only $1,100.

What is her net monthly income?
Think of throwing out a net to catch fish. What you actually get in the net and bring on-board is the money you bring home not counting the fish or money that got away
(deductions for taxes, insurance, etc.). Net is your actual take home pay.
The gross is the exact amount you make BEFORE deductions. If you make $10 an hour and you work 40 hours a week, your gross pay is $10.00 X 40 = $400.00 a week. But your
paycheck (net) will be less deductions for taxes, insurance, etc.)
A. $2,200
B. $2,383
C. $2,933
D. $3,177

Answer 1

Sarah's gross bi-weekly income is:

$18.33/hour x 40 hours/week x 2 weeks = $1,466.40

Her net bi-weekly income is $1,100, so her net monthly income would be:

$1,100/2 weeks x 2.17 weeks/month = $2,383

Therefore, the answer is B. $2,383.