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

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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      Log On


   

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) About Me  (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. ☺☺☺☺