Kal decides to open a home-based cupcake business. His cost is an initial value of $10 in operating expenses plus $0.25 to make
1 answer:
You might be interested in
Answer:
He paid $6,000 in taxes.
Step-by-step explanation:
His final amount after taxes is $24000. In order to obtain this number we had to tax 20% of the total (Note that 100%-20%=80%). In other words if he was taxed 20% he took home 80% of what he was paid. Therefore mathematically we have:
Since we know he was left with $24000 after taxes then:
So originally he had $30,000. So how much did he pay in taxes? We can calculate the difference of both pretax and after tax and we get:
$30,000 - $24,000= $6,000 taxed
Answer:
Therefore 6th year his income was $19,700.
Step-by-step explanation:
Given, Joe's annual income has been increasing in some dollar amount . The first year his income was $15,200 and 4th year his income was $17,900.
A=$17900, P= $15,200 and n = 3 year
Let year Joe's income was $19,700.
≈6
Therefore 6th year his income was $19,700.