Find last year's salary if, after a 5% pay raise, this year's salary is $36,225.
1 answer:
Answer:
$34500
Step-by-step explanation:
In order to reverse a 5% pay raise, divide by 1.05.
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x=8
Step-by-step explanation:
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Tax rate is 2+3/4=2.75%
Income taxable
37,500−3,300=34,200
Tax accrued
34,200×0.0275=940.5
