Solve your doubts and expand your knowledge with IDNLearn.com's extensive Q&A database. Our platform is designed to provide trustworthy and thorough answers to any questions you may have.
Sagot :
To solve this problem, we need to understand how to calculate the employee's take-home pay after removing both tax-exempt expenses and taxes.
1. Identify the components:
- Employee's pay before tax-exempt expenses and taxes: [tex]\( x \)[/tex]
- Tax-exempt expenses: [tex]\( \$350 \)[/tex]
- Tax rate: [tex]\( 15\% \)[/tex] or [tex]\( 0.15 \)[/tex]
2. Calculate taxable income:
Tax-exempt expenses of [tex]\( \$350 \)[/tex] are deducted from the employee's pay [tex]\( x \)[/tex]. Hence, the taxable income is:
[tex]\[ x - 350 \][/tex]
3. Calculate the tax amount:
Taxes are collected at a rate of [tex]\( 15\% \)[/tex] on the taxable income. So the tax amount will be:
[tex]\[ 0.15 \times (x - 350) \][/tex]
4. Calculate the take-home pay:
The take-home pay is the employee's pay after deducting both the tax-exempt expenses and the tax amount. This can be expressed as:
[tex]\[ \text{Take-home pay} = \text{Taxable income} - \text{Tax amount} \][/tex]
We have already found the taxable income to be [tex]\( x - 350 \)[/tex]. The tax amount is [tex]\( 0.15 \times (x - 350) \)[/tex].
Therefore, the take-home pay is:
[tex]\[ (x - 350) - 0.15 \times (x - 350) \][/tex]
5. Simplify the expression:
Factor out [tex]\( x - 350 \)[/tex] from the terms:
[tex]\[ (x - 350) \left(1 - 0.15\right) \][/tex]
Simplify the term inside the parentheses:
[tex]\[ (x - 350) \times 0.85 \][/tex]
Hence the expression for the take-home pay is:
[tex]\[ 0.85(x - 350) \][/tex]
Thus, the correct expression representing the employee's take-home pay after these deductions is:
[tex]\[ \boxed{0.85(x - 350)} \][/tex]
1. Identify the components:
- Employee's pay before tax-exempt expenses and taxes: [tex]\( x \)[/tex]
- Tax-exempt expenses: [tex]\( \$350 \)[/tex]
- Tax rate: [tex]\( 15\% \)[/tex] or [tex]\( 0.15 \)[/tex]
2. Calculate taxable income:
Tax-exempt expenses of [tex]\( \$350 \)[/tex] are deducted from the employee's pay [tex]\( x \)[/tex]. Hence, the taxable income is:
[tex]\[ x - 350 \][/tex]
3. Calculate the tax amount:
Taxes are collected at a rate of [tex]\( 15\% \)[/tex] on the taxable income. So the tax amount will be:
[tex]\[ 0.15 \times (x - 350) \][/tex]
4. Calculate the take-home pay:
The take-home pay is the employee's pay after deducting both the tax-exempt expenses and the tax amount. This can be expressed as:
[tex]\[ \text{Take-home pay} = \text{Taxable income} - \text{Tax amount} \][/tex]
We have already found the taxable income to be [tex]\( x - 350 \)[/tex]. The tax amount is [tex]\( 0.15 \times (x - 350) \)[/tex].
Therefore, the take-home pay is:
[tex]\[ (x - 350) - 0.15 \times (x - 350) \][/tex]
5. Simplify the expression:
Factor out [tex]\( x - 350 \)[/tex] from the terms:
[tex]\[ (x - 350) \left(1 - 0.15\right) \][/tex]
Simplify the term inside the parentheses:
[tex]\[ (x - 350) \times 0.85 \][/tex]
Hence the expression for the take-home pay is:
[tex]\[ 0.85(x - 350) \][/tex]
Thus, the correct expression representing the employee's take-home pay after these deductions is:
[tex]\[ \boxed{0.85(x - 350)} \][/tex]
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and see you next time for more reliable information.