Charlene has a monthly salary of $3,410. with her present budget, the corrected net income is $113.70
Income tax is a tax applied on individuals or entities concerning income or profit earned by them.
Charlene has a monthly salary = $3,410.
Charlene has a net income that is 7% of her monthly salary.
The computation of the new net income is shown below
= Monthly salary × net income percentage - reduced amount of net income per month
= $3,410 × 7% - $125
= $113.70
Hence, the corrected net income is $113.70
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