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Tim's salary is $60,000 a year. This is his gross yearly salary: his salary before taxes is deducted. What is his gross monthly income?

Tim's salary is $60,000 a year. This is his gross yearly salary: his salary before taxes is deducted. What is his gross monthly income? 5000 QUESTION 2 Suppose 25% of his salary is taken out for taxes, How much tax does Tim pay each month? QUESTION 3 Compute Tim's monthly take-home pay. This is his net pay: the actual amount available to Tim from his paycheck.

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