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vaieri [72.5K]
3 years ago
9

Peter Johnson had $120,000 taxable income.The letters F.I.C.A. stand for the Federal Insurance Contributions Act.

Mathematics
1 answer:
JulijaS [17]3 years ago
5 0

I apologise, but it is as though that there is some missing necessary information. Perhaps there was an error?

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matrenka [14]
Simple interest,
FV=P(1+ni)
FV=future value=2500
P=present value, invested amount
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i=annual interest rate, =0.095
2500=P(1+3(0.095))
Solve for P.
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