Question

Vinny is interviewing for a job.

He wants his take-home pay to be at least $42,000.

What is the least salary he can earn if he pays 25% income tax?

Answer 1

$56,000

Explanation:

if he is paying 25% in taxes, then we know that 42,000 is 75% of a certain number (

42000 over x =75 over 100

cross multiply 75 x = 4200000

divide by 75 to find x

x = 56000

$56,000 is the lowest he can accept to take home $42,000