Consumer arithmetic question (1 Viewer)

[oman]

Would anyone by any chance know how to do this one, or could post a worked solution? Seems quite tricky...

 

[si2136]

$5950.

Remember that her income is in the income bracket of $18,201 and $37,000, so she pays $0.19 per $1.

$1.19 = Taxable Income, which makes $1 after tax. To get $5000 after tax, the method is shown below.

$5000 * $1.19 = Taxable Income.

Therefore $5950 will be needed to earn $5000 after tax.