Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Stephanie graduated from college and on her first job earned an annual salary of $25,000.

Sagot :

Lanuel

Based on the calculations, Stephanie's net monthly income (NMI) is equal to $1,666.33.

How to calculate net monthly income?

The net monthly income (NMI) of an employee can be calculated by subtracting the total deductions from the gross monthly income (GMI).

For the GMI, we have:

GMI = GAI/12

GMI = 25,000/12

GMI = $2,083.33.

For the total deductions, we have:

Total deductions = 259.00 + 132.00 + 26.00

Total deductions = $417.00.

Now, we can calculate the net monthly income (NMI):

NMI = GMI - total deductions

NMI = 2,083.33 - 417.00

NMI = $1,666.33.

Read more on net monthly income here: https://brainly.com/question/14081107

#SPJ1

View image Lanuel
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.