Where would you place 7/2?
2 answers:
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We have been given that the take home pay is $1500 and 22% is withheld as taxes.
Let us assume that the gross pay is x dollars. Therefore, take home pay must be 78% of x because 22% of the pay is withheld as taxes, so you get to take home only 78% of the gross pay.
Since we have been given that take home pay is $1500 and it is 78% of the total gross pay. Therefore, we can set up an equation:
Therefore, gross pay is $1923.08