Question

After paying a 10 percent tax on all income over $3,000, a person had a net income of $12,000. What was the income before taxes?

Answer 1

Answer:

10 percent tax on all income over 3000 A person had 12000 net worth so now 10% of 3000 =300 and his net worth is 12000 so 12000- 300 = 12700