Question

You have been offered a job and they would like to know what you would like your annual gross income to be. You know that your life style costs about $33,000. Using the estimation of 70% for take home pay, how much in annual gross income would you need to make to continue to afford your current lifestyle?

Answer 1

Divide your lifestyle amount by the percentage:

33,000 / 0.70 = $47,142.86 ( Round the answer as needed.)