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

$56,000

Explanation:

if he is paying 25% in taxes, then we know that 42,000 is 75% of a certain number (`x`).

`:. x * .75 = 42,000`

the math:

`42000/x = 75/100`

cross multiply

`75x = 4200000`

divide by 75 to find `x`

`x = 56000`

$56,000 is the lowest he can accept to take home $42,000