Answer to Question #78496 in Algebra for Bishnu Das

Question

The annual bonus given to the employees of a company is 5% of their taxable incomes, after the state and central taxes are deducted. The state tax is 10% of taxable income. The central tax is 20% of taxable income after deducting the state tax. Formulate this situation for determining the bonus, as a linear system. Then Solve by substitution, the system you have obtained.