After-Tax net income needed: 45,000
Tax Rate: 20%
What is Pre-Tax amount needed?
45,000 * (1+20%) or 45,000 / (1 - 20%)
After-Tax net income needed: 45,000
Tax Rate: 20%
What is Pre-Tax amount needed?
45,000 * (1+20%) or 45,000 / (1 - 20%)
45,000 / (1 - .20)