Question

Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement annuity. How much does his employer contribute annually?

Answer 1

Take your calculator, enter 729.00, press the X, then enter 5.5, press % key. The answer is $40.10.

If you are asking how much is left after the 5.5% is deducted, then you have to enter 729.00, press the minus key and enter the amount you got when you multiplied 729 x 5.5.

Answer 2

729×52=37,908 per year
37,908×0.055=2,084.94