Bob, a resident of Metropolis, pays Metropolis an annual tax of $50 plus 1.9% of his annual
income. If Bob paid $2,387 in tax, what was Bob's annual income?
To find Bob's annual income, we need to set up an equation based on the information given.
Let's say Bob's annual income is represented by the variable "x".
We know that Bob pays Metropolis an annual tax of $50 plus 1.9% of his annual income. So, we can set up the equation:
$50 + 0.019x = $2,387
To solve this equation and find the value of x (Bob's annual income), we can follow these steps:
1. Start by subtracting $50 from both sides of the equation:
0.019x = $2,387 - $50
0.019x = $2,337
2. Next, divide both sides of the equation by 0.019 to isolate x:
x = $2,337 / 0.019
Now, we can calculate the value of x (Bob's annual income) using a calculator or by performing the division:
x ≈ $122,894.74
Therefore, Bob's annual income is approximately $122,894.74.