Question

Which of the following statements represents the highest amount?

Salary before a 15% pay raise to $40,000

Income on a $40,000 salary after 15% income tax

Salary before a 15% pay cut to $40,000

15% commission on $40,000

Answer 1

i think the last one

Answer 2

consider the first case,
let x be the amount of salary before the pay rise
x(1+15%) = 40000
x = 40000/1.15 = 34782

Consider the second case
Income on a $40,000 salary after 15% income tax
= 40000 x(1-15%) = 40000 x 0.85 = 34000

Consider the third case
let x be the salary before a 15% pay cut
x(1-15%) = 40000
x=40000/0.85 = 47059

Consider the forth case
15% commission on $40,000 = 40000x15% = 40000x0.15 = 6000

Now compare the result and decide which is the answer yourself :)

Answer 3

I swear, i was going to say the third...

Answer 4

Salary before a 15% pay cut to $40,000
40000(1.15) = 46 000

The other options decrease the $40K

Answer 5

@Directrix if you calculate the salary again using your result, you cannot get 40000

Answer 6

46000(1-15%) = 46000x0.85 = 39100....

Answer 7

Salary *before* a 15% pay cut. I read that as though the cut has not yet taken place. That may be an erroneous interpretation.

Answer 8

so using your result Salary *before* a 15% pay cut = 46000
the salary after the cut = 46000 x(1-15%) = 46000 x 0.85 = 39100

Answer 9

and that is not equal to 40000.. Do you understand or was i the one who made mistakes?

Answer 10

c. Salary before a 15% pay cut to $40,000 --> 40,000 + 15% (40000
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a. Salary before a 25% pay raise to $40,000 --> 75% of 40,000

b. Income on a $40,000 salary after 15% income tax --> 85% of 40,000

c. Salary before a 15% pay cut to $40,000 --> 40,000 + 15% (40000)

d. 15% commission on $40,000 --> 15% of 40,000

Answer 11

can you explain why 40,000 + 15% (40000)?

Answer 12

Income tax is a liability. The government takes it from the worker.

Answer 13

sorry i meant your working for the third option

Answer 14

40,000 + 15% (40000) is actually the salary after the pay rise not before the pay cut!

Answer 15

c. Salary before a 15% pay cut to $40,000 --> 40,000 + 15% (40000)
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This is before the cut to $40,000 so the amount is the $40,00 + 15% (40000)

Answer 16

can you calculate the amount of salary after the pay cut of 15% if the amount of salary before the pay cut is 40,000 + 15% (40000) ?