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AnnyKZ [126]
2 years ago
15

Barry's employer pays $1,945 in health insurance and $234 in life insurance per year. He also gets $4,213 in paid time off per y

ear. His monthly gross pay is $5,020. What are Barry's total job benefits per year?
Mathematics
1 answer:
My name is Ann [436]2 years ago
4 0

Step-by-step explanation:

the job benefits is everything he gets in addition to the regular salary.

that is here

$1945 health insurance

$ 234 life insurance

$4213 paid time off

----------

$6392 job benefits per year

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Suppose the probability of an IRS audit is 1.5 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.
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Answer:

(A) The odds that the taxpayer will be audited is approximately 0.015.

(B) The odds against these taxpayer being audited is approximately 65.67.

Step-by-step explanation:

The complete question is:

Suppose the probability of an IRS audit is 1.5 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more.

A. What are the odds that the taxpayer will be audited?

B. What are the odds against such tax payer being audited?

Solution:

The proportion of U.S. taxpayers who were audited is:

P (A) = 0.015

Then the proportion of U.S. taxpayers who were not audited will be:

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(A)

Compute the  odds that the taxpayer will be audited as follows:

\text{Odds of being Audited}=\frac{P(A)}{P(A')}

                                    =\frac{0.015}{0.985}\\\\=\frac{3}{197}\\\\=0.015228\\\\\approx 0.015

Thus, the odds that the taxpayer will be audited is approximately 0.015.

(B)

Compute the odds against these taxpayer being audited as follows:

\text{Odds against Audited}=\frac{P(A')}{P(A)}

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Thus, the odds against these taxpayer being audited is approximately 65.67.

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Step-by-step explanation:

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