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Sam's employer deducts 20% in payroll and state taxes from his base salary before writing his paycheck. Sam's monthly paycheck is $1,600.

Part A- What is Sam's salary before the deductions for payroll and state taxes?
Part B- Sam puts 1/5 of his paycheck into his savings account each month. How much does he save each month?
Part C- Next month, Sam's employer is changing its pay scale. and Sam's base salary will change by -8%. His employer will still deduct 20% for taxes. What will be Sam's salary before deductions, and how much will his paycheck be next month?

User Jishnu
by
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1 Answer

4 votes
Part A: $1920 because if you change 20%to .2 then .2*1600= 320 and 320+1600=1920
Part B: $320 because 1600/5=320 that is after taxes, before taxes it is $384 because 1920/5=384 you divided it by 5 because it is 1/5, so you divide it by 5 and then multiply it by 1 because 1/5=y/1600 so find y which is what he out in the savings account


User Relliv
by
8.3k points
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