Question

income tax rate 5%. what is the person's income before taxes if the amount of money taken out in taxes is $100?

Answer 1

Income of person before taxes = $ 2000

Explanation:

Given as ,

Money taken out of taxes = $ 100

Income tax rate for total income = 5%

Let the total income = x

So, 5% of total income = $100

i.e 5%× x = $100

Or, x = $2000

Hence, total money income = $ 2000 Answer