ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8000
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80000
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2000
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1200
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Detailed explanation-1: -40, 000 dollars per year is about 19 dollars an hour. To calculate hourly rate from annual salary, divide yearly salary by the number of weeks per year and divide by the numbers of working hours per week. Salary to hourly calculator. 40, 000 dollars a year is how much every two weeks?
Detailed explanation-2: -Based on a standard work week of 40 hours, a full-time employee works 2, 080 hours per year (40 hours a week x 52 weeks a year). So if an employee earns $40, 000 annually working 40 hours a week, they make about $19.23 an hour (40, 000 divided by 2, 080).
Detailed explanation-3: -If you make $40, 000 a year living in the region of Ontario, Canada, you will be taxed $10, 446. That means that your net pay will be $29, 554 per year, or $2, 463 per month. Your average tax rate is 26.1% and your marginal tax rate is 25.9%.