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1 vote
1 vote
Annie has a yearly gross salary of $52,000 and pays 20% in taxes answer the

following
a) How much does she pay in taxes?
b) What is her net pay?

User Abhay Dwivedi
by
3.2k points

1 Answer

18 votes
18 votes

Explanation:

this is just a simplified situation. normally people have more deductions from their salary than just taxes.

but anyway,

100% = $52,000

1% = 100%/100 = 52000/100 = $520

20% = 20×1% = 20 × 520 = $10,400

so, she pays $10,400 taxes.

and that leaves her from her salary

52000 - 10400 = $41,600

as net pay.

FYI - to calculate the remaining amount, we could have also done the following :

20% get deducted, so, 80% remain.

80% = 80×1% = 80 × 52000/100 = 52000 × 80/100 =

= 52000 × 0.80 = $41,600

User SimonSays
by
3.0k points