Question

3000
Q8 In a competition, Ria won prize of 10,000 dollar. If she paid 30% as income
tax. Find the money she got after paying tax.​

Answer 1

Calculation of net income after paying Income tax

Answer: Money Ria got after paying tax is 7000 dollars.

Explanation:

Given that amount won by ria = 10000 dollars

Income tax on the amount  = 30%

need to determine money Ria got after paying taxes.

So Money Ria got after paying taxes =   amount won by ria - Income tax on the amount  

Income tax = 30% of amount won

=> income tax = 30% of 10000 = (30/100) x 10000 = 3000 dollars

Money Ria got after paying taxes =   amount won by ria - Income tax on the amount   = 10000 - 3000 = 7000 dollars

So money Ria got after paying tax is 7000 dollars.

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