Julie inherhited 40% of her father's estate. After paying a tax equal to 30%? of her inheritance, what percent of her fathers estate did she town. I am not good at setting up equations so I just picked a value for her father's estate. So the estate is $200. So 200(0.40)=80. And 30%(80)=24. How should i CONTINUE THIS? The answer is supposed to be 28%.
how can i find the answer if the estate s $200
well if she receives 40% and loses 30% is tax, she will get 70% of 40% so 0.7 x 0.4 = 0.28 so 0. 28 x 100 will give the percentage she receives after tax.
well as in example, make is easier make the father's estate $100 so 40% = $40 lose 30% in tax so you get 70% after tax 70% of $40 =
thanks but how would i do it if the estate was $200
well a quick was is to just double the about your receive for $100 or 200 x0.4 = $80. and you get 70% so 0.7 x 80 = $56. and next what percentage of the estate 56/200 x 100 =
Got it!! Thank you so much :)))
Join our real-time social learning platform and learn together with your friends!