Hey there!
If you ever see the word "is" in a story problem, it means that there is an equal sign there. Let's apply that to this.
23800 =(is) 0.34i (income)
Now, we can solve for i by dividing.
23800/0.34= 70,000
Therefore, the annual income is $70,000.
I hope this helps! Have a great day!
