nöey represents what percent of the typical person\'s salary? Round to the neare

Question

nöey represents what percent of the typical person's salary? Round to the nearest tenth of a percent. (6) Due to the same 2010 law, persons earning $500,000 per year were taxed at a lower rate on the first $106,800 they earned, saving them 2% of this portion of their salary. The same persons also received $14,250 more on their federal tax return. Fill in the blanks to complete the statement below. A person earning $500,000 a year received $ income. Round to the nearest dollar and to the nearest tenth of a percent. more or % more of their Historical Income Tables: Households," United States Census Bureau, accessed August 6, 20 tps://www.census.gov/data/tables/time-series/demo/income poverty/historical-income-house seholds htm casacie Eoundation for the Advancement of v

Explanation / Answer

Since they saved 2% more on the $106,800 part of the salary.

It means he saved (2/100)*106,800 = $2,136.

Also, he received $14,250 as income tax return.

So he made $(14,250 + 2,136) = $16,386 more.

And to find the percentage; (16386/500000) * 100 = 3.28% of the salary.

A person earning $500,000 a year received $ 16,386 more or 3.28 % more of their income.

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