Job A pays an annual salary of $17,500 while job B pays $18,000. The taxpayer choosing between the 2 jobs files his federal inco
me tax return with a standard deduction of $5700, only himself as an exemption for$3650, and no additional adjustments to income. After taxes, what is the difference in pay between the two jobs? Use the table below as a guide.
1 answer:
You might be interested in
Answer:
0.2805
Step-by-step explanation:
Given that p = 20% = 0.2, n = 300.
The mean (μ) = np = 0.2 * 300 = 60
The standard deviation (σ) =
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
For x = 57:
For x = 62:
From the normal distribution table, P(57 < x < 62) = P(-0.43 < z < 0.29) = P(z < 0.29) - P(z < -0.43) = 0.6141 - 0.3336 = 0.2805