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Sagot :
My monthly cash inflow after a 20% tax has been withdrawn from my check is $256.
My monthly cash inflow is the amount I earn per month less total tax I pay. A tax is a compulsory sum that is levied on goods and services. Taxes reduces the total amount I would earn.
In order to determine my monthly cash flow, the first step is to determine my total income without taxes.
Total monthly income = weekly earnings x 4
$80 x 4 = $320
The second step is to determine the taxes I would pay on my monthly income.
Taxes paid = percentage tax rate x monthly income
$320 x 20%
0.2 x $320 = $64
The third step is to subtract the taxes I would pay from my monthly income.
$320 - $64 = $256
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