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grei
Posts:
132
Registered:
11/27/12


Re: Income question
Posted:
Aug 17, 2013 11:07 AM


net income is "gross income minus 5% of gross income". The entire gross income (100% of gross income) minus 5% of gross income is 100 5= 95% of gross income. So if you call "gross income" G, you have .95G= 1373.70. Divide both sides by .95.



