You have been offered a job this summer at a small startup. The pay is $50/hour for 40 hours…

You have been offered a job this summer at a small startup. The pay is $50/hour for 40 hours…

Question:

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You have been offered a job this summer at a small startup. The pay is $50/hour for 40 hours…
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You have been offered a job this summer at a small startup. The pay is $50/hour for
40 hours each week for the 13 weeks of summer. You will have Fourth of July off with
pay. If you will contribute 5% of your income to a retirement account and health
insurance is $300/month, what will your take home pay be over the entire summer?
Make sure you include appropriate taxes and use the right deductible.

Expert Answer:

Answer rating: 100% (QA)

To calculate your take home pay over the entire summer we need to consider the following deductions
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