Due to temporary tax cuts in 2010, a person with typical deductions earning $50,000 per year would have saved 2% of their income plus $850 in federal taxes.

how much money would this person save?
$

what percent did this person save on her income? round to the nearest tenth of a percent.
%

a) $1850

b) 3.7%

Step-by-step explanation:

a) This is a straight calculation based on the description in the problem statement.

2%×$50,000 +850 = $1000 +850 = $1850

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b) To find the percentage of income saved, find the ratio of savings to income and multiply that by 100%.

$1850/$50,000×100% = 3.7%

10

step-by-step explanation:

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