Mr. Johan pays income tax on the sum above $3000 at a rate of 6 cents per Dollar. If he has $4880 after paying the income tax. what is john's gross income?
Created: 5 years ago |
Updated: 4 months ago
best des
Tax Waver up to $3000
Taxable Income after Tax payment=$4880-$3000=$1880
Tax rate 6 cents per dollar
So income before tax payment is $1880/96*100=$2000
So gross income is $3000+$2000=$5000
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