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Mr. Johan pays income tax on the sum above $3000 at a rate of 6 cents per Dollar. If he has $4880 after paying the income tax. what is john's gross income?

Mr. Johan pays income tax on the sum above $3000 at a rate of 6 cents per Dollar. If he has $4880 after paying the income tax. what is john's gross income? Correct Answer 5000

Tax Waver up to $3000Taxable Income after Tax payment=$4880-$3000=$1880Tax rate 6 cents per dollarSo income before tax payment is $1880/96*100=$2000So gross income is $3000+$2000=$5000

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