When you buy something, it actually costs more than you may think-at least in terms of how much money you must earn to buy it. for example, if you pay 23% of your income in taxes, how much money would you have to earn to buy a used car for $7,700?

We need to earn $10,000 to buy that car.

Step-by-step explanation:

Let initial bank account balance = 0;

Suppose our income is $x.

Since 23% of income shpould be paid in taxes,

Money paid in taxes =

After paying taxes,

Money in our account = Income - Money paid in taxes;

Money in our account = x -

Money in our account = .   (equation 1)

Given,

Price of the car to be bought = $7700   (equation 2)

To be able to buy that car,

Money in account = Price of the car

From equation 1 and equation 2,

Therefore,

x = $10000.

Therefore

We need to earn $10000 to buy the car.

what are ur choices?