SOLUTION: Suppose u originally paid $1000 in taxes. During year 1, taxes decrease by 20%. During year 2, taxes increase by 20%. A=how do your taxes for year 2 compare with the $1000 u origin
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Question 1103310: Suppose u originally paid $1000 in taxes. During year 1, taxes decrease by 20%. During year 2, taxes increase by 20%. A=how do your taxes for year 2 compare with the $1000 u originally paid? B= find the percent increase or decrease from the original $1000 to year 2 taxes. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Suppose u originally paid $1000 in taxes. During year 1, taxes decrease by 20%. During year 2, taxes increase by 20%. A=how do your taxes for year 2 compare with the $1000 u originally paid? B= find the percent increase or decrease from the original $1000 to year 2 taxes.
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start:: 1000
after 1 yr::0.8*1000 = 800
after yr 2 :: 1.2*800 = 960
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% decrease = 40/1000 = 0.04 = 4%
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Cheers,
Stan H.
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