It looks like you're new here. If you want to get involved, click one of these buttons!
For part a, can you explain why we aren't solving for 0
We need to solve for -37,500, because we are given that primary's income is 37,500 prior to commutation. To pay no tax, its income needs to be zero.
Okay that makes sense, thank you
Sure, good luck.
Comments
We need to solve for -37,500, because we are given that primary's income is 37,500 prior to commutation. To pay no tax, its income needs to be zero.
Okay that makes sense, thank you
Sure, good luck.