Question 255555: According to Bruce Harrell, CPA, the
federal income tax for a class C corporation is found by
solving a linear equation. The reason for the equation is that
the amount x of federal tax is deducted before the state tax
is figured, and the amount of state tax is deducted before
the federal tax is figured. To find the amount of federal tax
for a corporation with a taxable income of $200,000, for
which the federal tax rate is 25% and the state tax rate is
10%, Bruce must solve
x=0.25[200,000-0.10(200,000-x)]
Answer by richwmiller(17219)   (Show Source):
You can put this solution on YOUR website! My guess is that you copied the equation wrong.
I suspect the x on the left should be y and the brackets are placed incorrectly
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