Fixed expenses 2013

Since 2013, the Slovak government plans to tax more small one person businesses. Instead of fixed expences 40% will be fixed expences 40% of gross income up to 420 Eur.

Calculate what percentage of fixed expences will in 2013 pays from gross income 1569 Eur.

Correct result:

x =  26.8 %

Solution:

b=1569 Eur q=40%=40100=0.4 v=q b=0.4 1569=31385=627.6 Eur v2=min(420,v)=min(420,627.6)=420 Eur  x1=v2b=4201569=1405230.2677 x=100 x1=100 0.2677=26.8%



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