Suppose you are working 35 hours a week in the cute clothing boutique and earning $10 per hour. you find out that you have deductions of $50 each week. this means that your net pay is each week.

To overcome this exercise, one must understand the difference between nominal wages and net wages.

The nominal wage is the value contracted between the parties, how much is combined per hour of work. The net wage is the nominal wage minus all deductions.

If you work in a botique for 35 hours a week and the salary is $ 10, the gross amount is 35 x $ 10 = $ 350.

To know the net amount, simply lower the discounted amount, which in the year is $ 50 per week.

$ 350 - $ 50 = $ 300 per week.

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