SOLUTION: If I won a jackpot and had to pay %4 to the IRS how much did I win?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If I won a jackpot and had to pay %4 to the IRS how much did I win?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 960692: If I won a jackpot and had to pay %4 to the IRS how much did I win?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
100% - 4% = 96%

So whatever the jackpot is, you keep 96% of it.

Example: say the jackpot is $1,000,000. You'd keep 96% of that, so you keep 0.96*1,000,000 = 960,000. This is just an example though.