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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.
%

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sqdancefan

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 = [tex](0.02\times50000)+850[/tex]

= [tex]1000+850=1850[/tex] dollars

Part B:

The percent did this person save on her income will be = [tex]\frac{1850}{50000}\times100= 3.7[/tex]%

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