SOLUTION: Dan's payroll sheet shows that 1/4 of his annual contract salary will be added on as a special assignment bonus, but that 1/3 of his salary and bonus will be withheld for taxes. If

Algebra ->  Finance -> SOLUTION: Dan's payroll sheet shows that 1/4 of his annual contract salary will be added on as a special assignment bonus, but that 1/3 of his salary and bonus will be withheld for taxes. If      Log On


   

Question 983654: Dan's payroll sheet shows that 1/4 of his annual contract salary will be added on as a special assignment bonus, but that 1/3 of his salary and bonus will be withheld for taxes. If the monthly paychecks will be for $800, what is Dan's annual salary, without bonus?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
I will assume that the $800 has had taxes
taken out already
------------------
Let +s+ = his MONTHLY salary
If 1/4 of his ANNUAL salary is added on
as an assignment bonus, then 1/4 of
his MONTHLY salary is also added on.
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+s+%2B+%281%2F4%29%2As+ = monthly salary +
the monthly bonus
-------------------

Now I can say:
+%28+2%2F3+%29%2A%28+5%2F4%29%2As+=+800+
+%28+10%2F12+%29%2As+=+800+
+%28+5%2F6%29%2As+=+800+
+s+=+%28+6%2F5+%29%2A800+
+s+=+960+
This is his monthly salary with out bonus
His Annual salary without bonus is:
+12%2A960+=+11520+
$11,520
Hope I got it