Michael is considering four different job offers. He estimates that 12% of his income will go to his taxes. He created a table in order to determine how much his take home pay will be from each job.

Michael is considering four different job offers He estimates that 12 of his income will go to his taxes He created a table in order to determine how much his t class=

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Answer:

Michael's take home pay from each job are;

[tex]\begin{array}{cccc}Gross \ Income& Take \ home \ Pay\\\$1,250& \$1,100\\\$1,525 &\$1,342\\\$1,850&\$1,628\\\$2,200&\$1,936\\\\Sum&\$6,006\end{array}\\[/tex]

Step-by-step explanation:

The given parameters are;

The percentage of Michael's income that he estimates will go to his taxes = 12%

The number of jobs Michael has = Four jobs

The table Michael created can be presented and the estimated taxes and the take home pay entered as follows;

Tax owed = Gross income × Tax percent

Take home pay = Gross income - Tax owed

[tex]\begin{array}{cccc}Gross \ Income& Multiplied \ by \ Tax \ Percent &Taxes \ Owed& Take \ home \ Pay\\\$1,250&\times \ 0.12 =&\$150& \$1,100\\\$1,525 &\times \ 0.12 =&\$183&\$1,342\\\$1,850&\times \ 0.12 =&\$222&\$1,628\\\$2,200&\times \ 0.12 =&\$264&\$1,936\\\\Sum&&\$819&\$6,006\end{array}\\[/tex]