An employee earns $60,000 per year. After taxes of 25%, what is their take-home salary?
Answer
$45000
How to solve it
1
Gross: $60,000
2
Taxes: 25% of $60,000 = $15,000
3
Take-home: $60,000 - $15,000 = $45,000
Hints
Calculate tax amount
Subtract from gross salary