Question

Mr.Chen left $45,000 to his aunt when he died. This was 5% of his total worth. a) how much was Mr.Chen worth when he died? Show your work. b) if his aunt had to pay 14% tax on the money she received, how much money would she be left with after taxes? Show your work.

Answer 1

A) Mr Chen was worth:

45,000/5 = 9,000

9,000 x 100 = 900,000

The answer is 900,00

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