What is your net salary?

Question

Your monthly salary is $5200.   After taxes you net $3030.00. You received a raise and your new monthly salary is $5700.00. What is your net salary?

Answer 1

If your gross salary is $5200 and after tax net salary is $3030, then

tax is 5200-3030 = 2170 or

a tax rate of 2170/5200 = 41.73%

 

Assuming that the tax rate remains the same, your new taxes is 41.73% * 5700 = 2378.65

and your new net salary is 5700-2378.65 = $3321.35