Question 125768: If you pay 32% of your income in taxes and your income after taxes is $23,256, what is your gross (before taxes) income?
I tried 23,256 x 32% = 7,441.92
am I going in the right direction? My answer does not look correct
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?
I tried 23,256 x 32% = 7,441.92
-----------------------------------------
If 32% goes to taxes 68% of your income is what is left.
Let "x" be your gross income.
EQUATION:
0.68x = 23,256
x = $34200.00
========================
Cheers,
Stan H.
|
|
|
