Anson pays $2000 for retirement fund, income tax and education fund each month. 30% of the payment goes to retirement fund. The income tax is 80% of the retirement fund. The remaining goes to education fund, which represents 20% of his salary. How much does Anson earn each month?

Question

Mathematics

River Grant

6 July, 22:21

Anson pays $2000 for retirement fund, income tax and education fund each month. 30% of the payment goes to retirement fund. The income tax is 80% of the retirement fund. The remaining goes to education fund, which represents 20% of his salary. How much does Anson earn each month?

+5

Answers (1)

Know the Answer?

Neveah Stephens · Answer 1

2000 for RF and IT and EF per month ...

30% goes to retirement ... 0.30 (2000) = 600

IT is 80% of RF ... 0.80 (600) = 480

remainder goes to EF ... 2000 - (600 + 480) = 920

which represents 20% of his salary ...

920 = 20% of salary (s)

920 = 0.20s

920/0.20 = s

4600 = s ... he earns 4600 per month <==