Question

PLEASE HELP!!!

1.) Ms.Gomes earned $1,000,000 in 2016. In 2017, she received 6% raise. How much money did she earn in 2017?

2.) Alex went to Target to buy supplies. His subtotal was $ 345.50. If he is charged 8.875% tax, how much money will she pay in tax?

3.) Mr.Hoffman bought a new apartament for $450, 875. How much will the realtor make if they recieve a 4.5% comission?

Answer 1

1.In 2017 Ms. Gomes earned $1,060,000

2. The total tax amount paid by Alex = $30.66

3,The realtor make $20,289.37 if they receive a 4.5% commission.

Explanation:

1. Amount earned by Ms. Gomes in 2016 = $1,000,000

Now, 6 % of $1,000,000 =
`(6)/(100) * 1,000,000 = 60,000`

So, the total money earned in 2017 = Money earned in 2016 + 6% raise

= $1,000,000 + $60,000 = $1,060,000

Hence, in 2017 Ms. Gomes earned $1,060,000

2. The subtotal of all the supplies of Alex = $345.50

Now, 8.875 % of $345.50 =
`(8.875)/(100) * 345.50 = 30.66`

The tax amount = $30.66

Hence, the total tax amount paid by Alex = $30.66

3. The cost of the new apartment purchased = $450, 875

Now, 4.5 % of $450, 875 =
`( 4.5 )/(100) * 450, 875 = 20,289.37`

⇒The commission amount = $20,289.37

Hence, the realtor make $20,289.37 if they receive a 4.5% commission.