Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed new system, the person would pay 31% on their salary above $12,000. The person pays $980 more under the new system than the old. What is the person's salary?
Under the current tax plan, the person pays 26% flat income tax on their salary. Under a proposed new system, the person would pay 31% on their salary above $12,000. The person pays $980 more under the new system than the old. What is the person's salary?
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 1ECP: You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end...
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![Under the current tax plan, the person pays 26% flat income tax on their salary.
Under a proposed new system, the person would pay 31% on their salary above
$12,000. The person pays $980 more under the new system than the old. What is
the person's salary?
Previous Page
N](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e270ba9-1acf-40fc-9110-d07c8a11bf40%2F9e0f8c62-02f9-4110-b8be-adaafd766db4%2Fimry41o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Under the current tax plan, the person pays 26% flat income tax on their salary.
Under a proposed new system, the person would pay 31% on their salary above
$12,000. The person pays $980 more under the new system than the old. What is
the person's salary?
Previous Page
N
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