SOLUTION: Dan's payroll sheet shows that 1/4 of his annual contract salary will be added on as a special assignment bonus, but that 1/3 of his salary and bonus will be withheld for taxes. If

Question 983654: Dan's payroll sheet shows that 1/4 of his annual contract salary will be added on as a special assignment bonus, but that 1/3 of his salary and bonus will be withheld for taxes. If the monthly paychecks will be for $800, what is Dan's annual salary, without bonus?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
I will assume that the $800 has had taxes
taken out already
------------------
Let = his MONTHLY salary
If 1/4 of his ANNUAL salary is added on
as an assignment bonus, then 1/4 of
his MONTHLY salary is also added on.
-----------------------------------
= monthly salary +
the monthly bonus
-------------------

Now I can say:

This is his monthly salary with out bonus
His Annual salary without bonus is:

$11,520
Hope I got it

RELATED QUESTIONS
Q1. You deposit $3,000 in a savings account that earn 9% simple interest per year. How... (answered by ikleyn)

Q1. You deposit $3,000 in a savings account that earn 9% simple interest per year. How... (answered by ikleyn)

Bob is hired by an accounting firm at a salary of $60,000 per year. Three years later his (answered by josmiceli)

Kevin Jones, Texas Tiger�s Quarterback, agreed to an eight-year, $50 million contract... (answered by Theo)

Donivan Tech is offering her a full- time manage-ment position at a yearly salary of $... (answered by richwmiller)

Donivan tech offered a fulltime management position with a contract that offers a yearly... (answered by benni1013)

It's a Microeconomic question related to choice under uncertainty: Kate will earn... (answered by Alan3354)

Please help me solve the following problem. Four apartments in a small block of flats,... (answered by parmen)

Please help me to solve the following maths problem. 1. Four apartments in a small block (answered by Theo)