Ayesha works as a real estate agent. Her annual gross salary is $28,000. From this, she must pay 20% income tax on anything earn

Question

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Ayesha works as a real estate agent. Her annual gross salary is $28,000. From this, she must pay 20% income tax on anything earn

ed above $15,000. In addition, she must repay a loan at a rate of $140 per month, which is taken out of her post-tax pay (i.e. after the tax has been calculated). What is Ayesha's take home pay per year? Round your answer to the nearest dollar.

Mathematics

1 answer:

Zina [12.3K] · Answer 1 · 2026-03-25T16:55:57+03:00

Answer:

Step-by-step explanation:

Annual gross salary = $28000

Income tax = 20% applicable to earnings exceeding $15000

Thus, she has a taxable amount of $5000

Rent loan equals $140 monthly = $140 * 12= $1680 per year

Tax deductible annually would be 20% of $5000

20 / 100 * $5000 = $1000

Her total net income annually is equal to

Gross salary per annum - tax - loan =

($28000 - $1000 - $1680) = $25,320

Ayesha's take-home pay annually is $25,320.