SOLUTION: If you pay 32% of your income in taxes and your income after taxes is $23,256,
what is your gross (before taxes) income?
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Question 108311: If you pay 32% of your income in taxes and your income after taxes is $23,256,
what is your gross (before taxes) income?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If you pay 32% of your income in taxes and your income after taxes is $23,256,
what is your gross (before taxes) income?
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Let "x" be gross income before taxes.
EQUATION:
x - 0.32x = 23,256
0.68x = 23,256
x = $34200
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Cheers,
Stan H.
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