Mathematics: What is 0.15 x 10,000? 1,500 150 15,000 150,000

What is 0.15 x 10,000? 1,500 150 15,000 150,000 - id01510000150015015000150000430014, zitterkoph

CoolxBreeze

26.06.2020

$249.24.

Step-by-step explanation:

We have been given that Jayde's gross annual income is $54,002. She is paid biweekly and has 7% deducted from her paychecks for her 403(b).

Let us find Jayde's biweekly income by dividing her annual income by 26 as paid biweekly means paid 26 times a year.

$\text{Jayde's biweekly salary}=\frac{\$54002}{26}$

$\text{Jayde's biweekly salary}=\$2077$

Let us find amount contributed by Jayde for her 403(b) plan by finding 7% of $2077.

$\text{Amount contributed by Jayde for her 403(b) plan}=\frac{7}{100}\times \$2077$

$\text{Amount contributed by Jayde for her 403(b) plan}=0.07\times \$2077$

$\text{Amount contributed by Jayde for her 403(b) plan}=\$145.39$

Now let us find 5% of $2077 as Jayde's employer matches 5% of total biweekly pay.

$\text{Amount contributed by Jayde's employer for her 403(b) plan}=\frac{5}{100}\times \$2077$

$\text{Amount contributed by Jayde's employer for her 403(b) plan}=0.05\times \$2077$

$\text{Amount contributed by Jayde's employer for her 403(b) plan}=\$103.85$

Now let us add amount contributed by Jayde and her employer to find total amount deposited into Jayde's 403(b) plan each payday.

$\text{Total amount contributed into Jayde's 403(b) plan each payday}=\$103.85+\$145.39$

$\text{Total amount contributed into Jayde's 403(b) plan each payday}=\$249.24$

Therefore, an amount of $249.24 is contributed into Jayde's 403(b) each payday.

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