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UNO [17]
3 years ago
14

Over the past 10 years, Lincoln's profit-sharing payments have been substantial. Maria's annual salary was $40,000 last year, an

d she earned a profit-sharing payment of $10,000. Maria's profit-sharing award represents approximately what percentage of her annual salary?
Business
1 answer:
Brilliant_brown [7]3 years ago
3 0

Answer:

If she earned $10,000 over the past 10 years, then the profit-sharing award represents 2.5% of her annual salary

But if she earned $10,000 only in one year, then the profit-sharing award represents the 25% of her annual salary

Explanation:

If she earned $10,000 over the past 10 years, and we suppose that all payments are equal, then each year she received $1000.

What percentage of her annual salary ($40,000) $1000 represents?

$1000/$40,000=0,025*100= 2.5%

But if she earned $10,000 in one year, then:

$10,000/$40,000= 0,25*100=25%

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Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable

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