Section 1 - Question 3 Tonia contributes 5% of her paycheck to her 401(k) plan in order to save for her retirement, and she pays state income tax at a rate of 5% on the rest of
her paycheck. If p represents Tonia's paycheck and t represents the amount she pays in state income tax, which of these equations represents this
situation?
А
t = 0.00250
B
t = 0.025p
С
t = 0.0475p
D
t = 0.475p