For this item, enter the answer in the space provided. A college student earns $ 15, 000 working part-time at a bookstore. The stu

Question

For this item, enter the answer in the space provided. A college student earns $ 15, 000 working part-time at a bookstore. The student pays 1/10 of the earnings in taxes, spends 2/5 of the earnings on living expenses, and saves the remainder of the earnings. How much money does the student save?

huyenthanh · Answer

Answer:   $7,500       Step-by-step explanation:   First, find the amount he pays in taxes:  $15,000 x 0.1 =  $1,500   Next, find the amount he pays in living expenses:  $15,000 x 0.4 =  $6,000   Add the two amounts together:   $1,500 + $6,000 = $7,500   Subtract the combined amount from the original amount to find how much the student saved:  $15,000 - $7,500 =  $7,500        Therefore, the college student saves $7,500.

minhkhue · Answer

Answer: 10,500      Step-by-step explanation:   How to calculate tax and earning  Given the following paramiters    Total amount earned by the student = $15000    Assume we have the following parameters    Earning paid off in taxes = $1500  Amount spent on living expenses = $3000    Amount she will have left = 15000 - (1500 + 3000)    Amount she will have left = 15,000 - 4500  Amount she will have left = 10,500    Hence the amount she will have left is $10,500

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