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OpenStudy (anonymous):
If your income is $40,000 and tax is 25% how much would you take home?
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jimthompson5910 (jim_thompson5910):
what is 25% of 40,000?
OpenStudy (anonymous):
$10000
jimthompson5910 (jim_thompson5910):
subtract that from 40,000 and that's your take home pay after taxes
OpenStudy (anonymous):
ok thanks
jimthompson5910 (jim_thompson5910):
np
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jimthompson5910 (jim_thompson5910):
an alternative is to multiply 40,000 by 0.75 because you are essentially taking home 75% of 40,000 after you subtract off 25% to pay for taxes
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