If the hourly salary is 8.50 dollars, the salary for 28 hours will be 238. If 20 per cent is held as taxes, so take home earnings will be 190.4 dollars.
The part of income that is given back by the citizens of a country to the hover is the taxes. In every country, every individual is required to pay a certain percentage of their income as taxes.
In some countries, only people who are earning a certain level of money annually are required to pay their taxes. In some places, taxes are removed from the income on a monthly basis.
In some places, taxes are to be calculated and paid by the citizens themselves. In the countries where the taxes are removed from the income on a monthly basis, taxes are withheld by the company.
So in a case where 8.50 dollars are paid per hour, the total earning of 28 hours would be -
8.50 × 28 =238
After deduction of 20 per cent tax,
20% of 238 = 47.6
So, 238 - 47.6 = 190.4 dollars.
Therefore, the take-home salary is 190.4 dollars
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