If 24% of Your Monthly Pay Is Withheld for Federal

Multiple Choice

If 24% of your monthly pay is withheld for federal income taxes and another 8% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with $992.50 a month in take-home pay, then the amount you earned before the deductions were removed from your check is given by the equation . Solve this equation to find your gross income to the nearest dollar.

A) $1,310 per month
B) $1,025 per month
C) $1,460 per month
D) $1,182 per month
E) $1,577 per month