Due to temporary tax cuts in 2010, a person with typical deductions earning $50,000 per year would have saved 2% of their income plus $850 in federal taxes. How much money would this person save?
$
What percent did this person save on her income? Round to the nearest tenth of a percent.
%
2 answers:
Answer:
a) $1850
b) 3.7%
Step-by-step explanation:
a) This is a straight calculation based on the description in the problem statement.
2%×$50,000 +850 = $1000 +850 = $1850
__
b) To find the percentage of income saved, find the ratio of savings to income and multiply that by 100%.
$1850/$50,000×100% = 3.7%
Answer:
Part A: $1850
Part B : 3.7%
Step-by-step explanation:
Due to temporary tax cuts in 2010, a person with typical deductions earning $50,000 per year would have saved 2% of their income plus $850 in federal taxes.
Part A:
Total savings will be =
= dollars
Part B:
The percent did this person save on her income will be = %
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