Question

a part-time employee earns \\( \text{p}120 \\) per hour and works for 40 hours this week. his total earnings are subject to a 10% tax. what is his net income?

choose an answer

• \\( \text{p}4,320 \\)
• \\( \text{p}4,500 \\)
• \\( \text{p}5,280 \\)
• \\( \text{p}5,350 \\)

Explanation:

Step1: Calculate gross earnings

Multiply the hourly rate by the hours worked.

$$\text{Gross Earnings} = 120 \times 40 = 4800$$

Step2: Calculate tax amount

Multiply the gross earnings by the tax rate.

$$\text{Tax Amount} = 4800 \times 0.10 = 480$$

Step3: Calculate net income

Subtract the tax amount from the gross earnings.

$$\text{Net Income} = 4800 - 480 = 4320$$

Answer:

₱4,320