SOLUTION: In the country of Overtaxia, 46 cents of every dollar earned is deducted from workers' pay as income tax. Sara wants to buy a compact disk whose total price is $12.42. The amount o

Question 1056953: In the country of Overtaxia, 46 cents of every dollar earned is deducted from workers' pay as income tax. Sara wants to buy a compact disk whose total price is $12.42. The amount of before-tax salary, in dollars, that she would have to earn in order to pay for the compact disk is
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
The taxation rate is 46%. If Sara wants to buy a compact disc from her salary, then 1-.46 of her income must equal 12.42. Let n be her income. Then:
(1-.46)n=12.42
.54n=12.42
n=23
Sara must earn at least $23 before tax in order to afford the CD. ☺☺☺☺
RELATED QUESTIONS
Income after tax is deducted is $25840, the percentage of tax deducted is 20%, how can I... (answered by rfer)

In Fantasy Island an individual pays 10% tax on gross annual income not exceeding... (answered by Theo)

if you earned up to 5,000,000 in 2016 from an employer, your social security tax rate was (answered by Theo)

women earned 82 cents for every dollar earned by men in 2021. This is true when... (answered by Theo)

Tracey�Long�has�$100�deducted�from�every�paycheck�for�retirement.�She�... (answered by Boreal)

If 30 cents out of every 1 dollar goes to taxes, and the rest is net income, what is the... (answered by Mathtut)

a teacher has an income of 28500 dollar and pays 3135 dollar in income tax.what percent... (answered by ikleyn)

At a special clothing sale at the Crescent Oaks Country Club, after the cashier rings up... (answered by starlt)

Your pay also includes a deduction for Medicare. The 2013 rate is 1.35% of your annual... (answered by solver91311)