Trisha just got a job offer for an hourly job that pays 15 dollars an hour, 40 hours per week. She has been told to estimate that 20 percent of her pay will be withheld to pay taxes, unemployment insurance, and social security. Assuming Trisha works 52 weeks in a year, what is her annual "take-home" pay? Let's think first. Chain of thought:
Trisha's pay before taxes is 15 dollars an hour x 40 hours per week x 52 weeks = 31,200 dollars. The amount withheld is 20 percent, or 0.2 x 31,200 = 6,240 dollars. Trisha's gross pay of 31,200 - 6,240 = 24,960 dollars.
Therefore, the answer is 24960.