Use an Equation to Solve the Problem $2.75 \%$ Pay Decrease $\$ 36,955$

question 129

Multiple Choice

Use an equation to solve the problem.
-Joe Pearlman received a $2.75 \%$ pay decrease. His salary after the decrease was $\$ 36,955$ . What was his salary before the decrease?

• A) \(\$ 37,997.25\)
• B) \(\$ 37,999.725\)
• C) \(\$ 38,000\)
• D) \(\$ 39,045\)

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Definitions:

Supplies

Items that are consumed during the operation of a business, such as office supplies, which are essential for day-to-day activities but not directly tied to the product being sold.

Accounts Payable

A liability account that records amounts a company owes to suppliers for goods or services purchased on credit.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, not considered business expenses.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and income or decreases in assets and expenses are recorded.