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1. If the income tax rate is 20%, how much does your pre-tax salary need to be? (consider pre-tax salary as your revenue) 2. If
1. If the income tax rate is 20%, how much does your pre-tax salary need to be? (consider pre-tax salary as your revenue) 2. If you have variable expenses of $50 per day (gas, food, etc), what is your contribution margin? (assume a 365 day year) 3. If your fixed expenses are $2,500 per month (rent, car insurance, etc), what is your operating income (income before taxes)? 4. What is your net income (income after taxes)
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