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Interpreter for the Deaf

Real-Life Activities

Real-Life Math -- Solution

Start by figuring out your income.

You will work 50 weeks (52 weeks a year - 2 weeks vacation)
40 hours x 50 weeks = 2,000 hours
2,000 hours x $16 per hour = $32,000

Now figure the taxes.

$32,000 x 0.15 = $4,800
$32,000 x 0.075 = $2,400
$32,000 x 0.055 = $1,760

Now calculate the grand total.

$4,800 + $2,400 + $1,760 = $8,960

You need to plan on having $8,960 on hand to pay all those taxes. (It can be expensive to be self-employed!)