SOLUTION: A manager receives a salary of ₦2,055,000. He is promoted and his salary increases by 14%. a) Calculate his new salary. b) If the increase is taxed at 25%, how much money does

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Question 1145767: A manager receives a salary of ₦2,055,000. He is promoted and his salary increases by 14%.
a) Calculate his new salary.
b) If the increase is taxed at 25%, how much money does he actually gain from the increase?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A manager receives a salary of ₦2,055,000. He is promoted and his salary increases by 14%.
a) Calculate his new salary.
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Add 14% to the old salary.
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b) If the increase is taxed at 25%, how much money does he actually gain from the increase?
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The increase, minus 25% of the increase.