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2 July, 10:31

Miki, a resident of Kyoto, earns an annual salary of ¥6,760,950. If the Japanese government levies a 29.12% income tax on Miki's tax bracket, what is her yearly take-home pay, to the nearest whole yen?

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  1. 2 July, 10:51
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    Find 29.12% of 6,760,950. You can do this by converting 29.12% to a decimal by moving the decimal 2 places to the left and getting rid of the percent sign. Do this and you figure out 29.12% is. 2912 as a decimal. Now you multiply this decimal with 6,760,950 to find what the government takes for taxes from his annual salary. You get 1,968,788.64. This is not your final answer because you want to find the amount of money he keeps after taxes. So you'd subtract 1,968,788.64 from 6,760,950. This gives you 4,792,161.36. This is his take-home pay, but you have to round to the nearest yen, so your final answer is 4,792,161.
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