If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with $989.50 a month in take-home pay, then the amount you earned before the deductions were removed from your check is given by the equation
Solve this equation to find your gross income. Round the answer to the nearest dollar.
_______ per month
What is the equation?
G - 0.24 G - 0.06G =989.5
Sorry that is the equation
Plz help with the above equation
To find the gross income before deductions, we can set up an equation using the given information. Let's call the gross income "G".
According to the problem, 24% of the gross income is withheld for federal income taxes, and another 6% is withheld for Social Security, state income tax, and other miscellaneous items. So, the amount withheld can be expressed as:
(24/100)G + (6/100)G = $989.50
Simplifying the equation:
0.24G + 0.06G = $989.50
Combining like terms:
0.30G = $989.50
Next, we can solve for G by dividing both sides of the equation by 0.30:
G = $989.50 / 0.30
Using a calculator, we find:
G ≈ $3298.33 (rounded to two decimal places)
Therefore, your gross income before deductions is approximately $3298 per month.