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By using a 3-simple rule, we will see that his take-home pay is 68.48% of his gross pay.
From the question, we know that the 100% of this problem must be the gross pay, so we have:
100% = $1421.50
Now we want to know which percentage the take-home pay represents, let's say that its X, then we have:
X = $973.48
By taking the quotient between these two equations and multiplying both sides by 100%, we get:
X = ($973.48/$1421.50)*100% = 68.48%
This means that his take-home pay is 68.48% of his gross pay.
If you want to learn more about percentages, you can read:
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