Answer: $490,000
Explanation:
you take the gross income (annual in this case) and first multiply it by 70%(0.70). Then multiply it again by 7.
$100,000 x 0.70 = 70,000
70,000 x 7 = $490,000
This is an easy question. you just have to divide.
420÷6.82= 61.5
but because they are individual stocks and you can't have half a stock, you round it up to the nearest whole number
so the answer is 61
hope I helped:)
