Question

4. You earn $64,000 per year. The government takes 35% in taxes.

a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answer 1

Step-by-step explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920