# Problem #1340

 1340 Last year Mr. Jon Q. Public received an inheritance. He paid $20\%$ in federal taxes on the inheritance, and paid $10\%$ of what he had left in state taxes. He paid a total of $10500$ for both taxes. How many dollars was his inheritance? $(\mathrm {A})\ 30000 \qquad (\mathrm {B})\ 32500 \qquad(\mathrm {C})\ 35000 \qquad(\mathrm {D})\ 37500 \qquad(\mathrm {E})\ 40000$ This problem is copyrighted by the American Mathematics Competitions.
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• Reduce fractions to lowest terms and enter in the form 7/9.
• Numbers involving pi should be written as 7pi or 7pi/3 as appropriate.
• Square roots should be written as sqrt(3), 5sqrt(5), sqrt(3)/2, or 7sqrt(2)/3 as appropriate.
• Exponents should be entered in the form 10^10.
• If the problem is multiple choice, enter the appropriate (capital) letter.
• Enter points with parentheses, like so: (4,5)
• Complex numbers should be entered in rectangular form unless otherwise specified, like so: 3+4i. If there is no real component, enter only the imaginary component (i.e. 2i, NOT 0+2i).