Question

When you buy​ something, it actually costs more than you may think at least in terms of how much money you must earn to buy it. For​ example, if you pay 29 ​% of your income in​ taxes, how much money would you have to earn to buy a used car for ​$​?8,520

Answer 1

the amount to be earned is $12,000

Explanation:

The computation of the amount to be earned is shown below:

= The amount to purchase a used car ÷ (1 - paid percentage)

= $8,520 ÷ (1 - 0.29)

= $8,520 ÷ 0.71

= $12,000

hence, the amount to be earned is $12,000

We simply applied the above formula for determine the earned money

The same would be considered