The Salary of a Hollow blocks maker's is 8,250 USD plus Additional 25 USD for each hollow blocks he makes. Each month Hollow blocks makers gives a tax of 235 USD and 7% of his salary. Calculate the take home pay if he produces 200 hollow blocks in a month.
a. 1126.5 USD
b. 1162.5 USD
c. 12,087.5 USD
d. 12,088 USD
Answers
Answer:
C. 12,087.5 USD
Step-by-step explanation:
if he produces 200 hollow blocks,
then, his gross salary will be
8250 + (25×200) = 8250+5000 = 13,250 USD
Tax = 235 + 7% of Salary, i.e. 235 + (7×13250/100)
= 235 + 927.5 = 1,162.5 USD
therefore, take home pay =
13,250 - 1,162.5 = 12,087.5 USD
Solution :-
→ Salary of a Hollow blocks maker's = 8250 USD
and,
→ Additional salary for each hollow blocks = 25 USD
So,
→ Additional salary for 200 hollow blocks = 200 * 25 = 5000 USD .
then,
→ Total salary of Hollow blocks maker's = 8250 + 5000 = 13250 USD .
Now,
→ Total tax paid = 235 USD + 7% of salary
→ Total tax paid = 235 + (7 * 13250)/100
→ Total tax paid = 235 + 927.5
→ Total tax paid = 1162.5 USD .
therefore,
→ The take home pay = 13250 - 1162.5 = 12087.5 USD
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