SOLUTION: to take home $30,400 a year to live comfortably. If the government gets 24% of Gary’s income, then what must his income be for him to live comfortably?
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Question 150094: to take home $30,400 a year to live comfortably. If the government gets 24% of Gary’s income, then what must his income be for him to live comfortably?
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
Let x = income
then
"income" - "tax" = 30400
.
Mathematically:
x - .24x = 30400
x(1-.24) = 30400
.76x = 30400
x = $40000
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