Answer:
$638.4
Step-by-step explanation:
Randy's gross salary (salary without any deduction) = $760
taxed rate =16%
Amount tax paid =tax% of gross income
=16/100 * $760
=$16*760/100
=$12160/100
=$121.6
net salary = gross salary - tax paid
=$760 - $ 121.6
=$638.4
Randy's net salary is $638.40
Randy's gross salary = $760 per week.
Tax paid on his salary = 16%
Net salary is the difference between the salary earned and the amount paid as tax. This will be:
= Salary - Tax
= $760 - (16% × $760)
= $760 - (0.16 × $760)
= $760 - $121.60
= $638.40
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