Gary Miller receives $850 per month from Social Security and his wife, Barbara, receives 55 percent of the amount Gary does. If Gary and Barbara have a retirement income of $2,000 per month, how much must Gary receive from his father's trust?

Question

Business

Iris York

30 May, 07:51

Gary Miller receives $850 per month from Social Security and his wife, Barbara, receives 55 percent of the amount Gary does. If Gary and Barbara have a retirement income of $2,000 per month, how much must Gary receive from his father's trust?

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Answers (2)

Know the Answer?

Jayden Rodriguez · Answer 1

how much must Gary receive from his father's trust?

682,5

Explanation:

$850 Gary's social security + ($850 X 55%) Barbara's social security + x father trust = $2,000

850 + ($850 x 0.55) + x = $2000

850 + 467.50 + x = $2000

1317.50 + x = 2000

x=682,50

Dayton Cabrera · Answer 2

Answer:$682.50

Explanation:$850 Gary's social security + ($850 X 55%) Barbara's social security + x unknown amount = $2,0000

$850 + ($850 x 0.55) + x = $2000 To make the problem easier convert 55% to 0.55

$850 + $ 467.50 + x = $20000 First, do the math in the parenthesis

$1317.50 + x = $2000

$1317.50 - $1317.50 + x = $2000 - $1317.50 To get x alone, you subtract $1317.50 from each side

x = $ 682.50

Therefore Gary gets $682.50 from his father's trust.

You can check the answer by subbing $682.50 for x

EX. $850 + $ 467.50 + $682.50 = $20000