question archive LeeAnn earns an annual salary of $50,000 after taxes
LeeAnn earns an annual salary of $50,000 after taxes
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LeeAnn earns an annual salary of $50,000 after taxes. Her average expenses per month come to $3,350. If she saves all the money that she doesn't use to pay expenses, how much will she have in savings at the end of the year?
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Answer:
$9800
Step-by-step explanation:
Given that:
Annual salary = $50,000
Average monthly expenses = $3350
Average amount spent per annum:
Number of months in a year = 12
12 * $3350 = $40,200
Since, all amount not used as expenses is saved :
Total amount saved = $50,000 - $40,200
Total amount saved = $9800
