Question

Bernard designs motorized bicycles at Smart Gear Technologies. His total earnings are

$54,000 this year. Bernard pays $201 in payroll taxes for every $1,000 he earns.
What is Bernard's net income for this year?

Answer 1

Answer: $43146

Explanation:

So his total earning is $54,000. He has to pay $201 for every $1,000 he earns. So 54,000/1,000= 54. So now he has to pay 54*201=10854, 54000-10854=43146. His net income for this year is $43146.