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

Recognizing that the $42,000 figure would be 75% of the full salary, you can multiply $42,000 * 4/3 to find the lowest required salary. Therefore, the lowest required salary is $56,000.

Answer 2

Vinny can earn the least salary $56,000

Explanation:

Vinny wants his take home pay to be at least = $42,000

His income tax = 25%

He wants that at least 75% salary would be $42,000

Let the total salary of Vinny be x

The equation would be :

75% of x = $42,000

`(75)/(100)` x = 42,000

0.75x = 42,000

x = 42,000 ÷ 0.75 = $56,000

Vinny can earn the least salary $56,000