Determining a linear equation system:

Assume that the amount x denotes the after-tax profit. It is given that the company earns a profit of $60,000.

Also, it is given that the company pays employees a bonus equal to 5% of after-tax profits. Thus, Bonus is as follows:

5100×x=0.05x

So, the residue amount after deducting bonus is =(60000−0.05x).

Also, the state tax is 5% of profits after the bonuses are paid.

Thus, the state tax is =0.05×(60000−0.05x).

So, the residue amount after deducting bonus, state tax is =60000−[0.05×(60000−0.05x)+(60000−0.05x)]

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Operations Research : Applications and Algorithms

Ch. 2.1 - Prob. 1P Ch. 2.1 - Prob. 2P Ch. 2.1 - Prob. 3P Ch. 2.1 - Prob. 4P Ch. 2.1 - Prob. 5P Ch. 2.1 - Prob. 6P Ch. 2.1 - Prob. 7P Ch. 2.2 - Prob. 1P Ch. 2.3 - Prob. 1P Ch. 2.3 - Prob. 2P

Ch. 2.3 - Prob. 3P Ch. 2.3 - Prob. 4P Ch. 2.3 - Prob. 5P Ch. 2.3 - Prob. 6P Ch. 2.3 - Prob. 7P Ch. 2.3 - Prob. 8P Ch. 2.3 - Prob. 9P Ch. 2.4 - Prob. 1P Ch. 2.4 - Prob. 2P Ch. 2.4 - Prob. 3P Ch. 2.4 - Prob. 4P Ch. 2.4 - Prob. 5P Ch. 2.4 - Prob. 6P Ch. 2.4 - Prob. 7P Ch. 2.4 - Prob. 8P Ch. 2.4 - Prob. 9P Ch. 2.5 - Prob. 1P Ch. 2.5 - Prob. 2P Ch. 2.5 - Prob. 3P Ch. 2.5 - Prob. 4P Ch. 2.5 - Prob. 5P Ch. 2.5 - Prob. 6P Ch. 2.5 - Prob. 7P Ch. 2.5 - Prob. 8P Ch. 2.5 - Prob. 9P Ch. 2.5 - Prob. 10P Ch. 2.5 - Prob. 11P Ch. 2.6 - Prob. 1P Ch. 2.6 - Prob. 2P Ch. 2.6 - Prob. 3P Ch. 2.6 - Prob. 4P Ch. 2 - Prob. 1RP Ch. 2 - Prob. 2RP Ch. 2 - Prob. 3RP Ch. 2 - Prob. 4RP Ch. 2 - Prob. 5RP Ch. 2 - Prob. 6RP Ch. 2 - Prob. 7RP Ch. 2 - Prob. 8RP Ch. 2 - Prob. 9RP Ch. 2 - Prob. 10RP Ch. 2 - Prob. 11RP Ch. 2 - Prob. 12RP Ch. 2 - Prob. 13RP Ch. 2 - Prob. 14RP Ch. 2 - Prob. 15RP Ch. 2 - Prob. 16RP Ch. 2 - Prob. 17RP Ch. 2 - Prob. 18RP Ch. 2 - Prob. 19RP Ch. 2 - Prob. 20RP Ch. 2 - Prob. 21RP Ch. 2 - Prob. 22RP

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Solution Summary: The author explains the linear equations to find out bonus, state tax, and federal tax. The company earns a profit of 60,000 and pays employees bonuses equal to 5% of after-tax

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