2. "You are interning at a tech company and earn 3,000 a month. You have to pay 400 in taxes and 120 for your health insurance. You also have 200 in deductions and 300 in exemptions. What is your net income, and what is your taxable income?" Net Income? Taxable Income?

To calculate your net income and taxable income, we need to follow these steps:1. Calculate your gross income: Gross income = Monthly salary = 400 + 200 + 1,0003. Calculate your net income: Net income = Gross income - Total deductions and exemptions Net income = 1,000 = 3,000 - 2,800Therefore, your net income is 2,800.