Answer:
$2108.33
Step-by-step explanation:
1) if $1265 is for a year we need to find the vacation savings for a month
1265/12=105.42
since 105.42 is 5%(0.05) of the monthly take home pay then we need to find the monthly take home pay, lets take the monthly take home pay as x
so 0.05x= monthly vacation reserve money
0.05x=105.42
x=2108.33
the monthly take home pay was $2108.33
Hope this helps!
Answer:
$2,108.33
Step-by-step explanation:
Let x represent the take home pay each month
They save 5% of x = 0.05x
For a year, they would have saved 12 * 0.05x
= 0.6x
The entire vacation savings = $1265 = 0.6x
divide both sides by 0.6
x = $2,108.33