Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

In 2019, Tessa earned $32000. (a) She paid tax of 24% on these earnings. Work out the amount she paid in tax in 2018. [2] (b) In 2020, Tessa's earnings increased by 7%. Work out her earnings in 2020.

Sagot :

adioabiola

Answer:

$7,680

$34,240

Step-by-step explanation:

Amount Tessa earns in 2019 = $32000

a. She paid tax of 24% on these earnings. Work out the amount she paid in tax in 2018.

Percent of tax = 24%

Amount of tax paid = 24% of $32,000

= 24/100 * 32,000

= 0.24 * 32,000

= $7,680

Amount of tax paid = $7,680

b. Tessa's earnings increased by 7%. Work out her earnings in 2020.

Percentage increase in earnings = 7%

Amount of increase in earnings = 7% of $32,000

= 7/100 * 32,000

= 0.07 * 32,000

= $2,240

Amount of increase in earnings = $2,240

Total earnings in 2020 = Amount Tessa earns in 2019 + Amount of increase in earnings

= $32,000 + $2,240

= $34,240

Total earnings in 2020 = $34,240

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.