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Korvikt [17]
3 years ago
12

Help me please I really need help!!!!!!

Mathematics
1 answer:
zvonat [6]3 years ago
6 0

Answer:

the tax on a $90,000 salary is: $5175

Step-by-step explanation:

Given that the person earns a $90,000 annual salary, you need to use the last of the brackets , the one that reads "<em>17,001 and up</em>". That is, you need to find the 5.75% of the $90,000 in order to determine the taxes owed.

Recall that 5.75% in math terms is: 5.75/100 = 0.0575

Then the 5.75% of $90,000 is mathematically calculated as the product :

0.0575 x 90,000 = 5175

Therefore the tax on a $90,000 salary is: $5175

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Percentage of earnings per annum for her retirement plan = 6.60%

Money she will earn will be the simple interest at the end of 5 years.

We know that :

\color{plum}{ \tt{Simple \:  interest  =  \frac{Principle  \ \: \times  \: Rate  \:  \: \times \:  \:  Time}{100} }}

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Which means :

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We also know that :

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Amount Michelle will earn at the end of 5 years for her retirement plan :

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=\color{plum}\bold{\$ 2261}

2261 can be rounded off to 2260.

Therefore, Michelle will earn <u>$2260</u> at the end of 5 years for her retirement plan.

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