Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement annuity. How much does his employer contribute annually?

Question

Mathematics

Desmond

5 August, 03:41

Ernie Wagearner makes $729 per week. He knows his employer contributes 5.5% to a retirement annuity. How much does his employer contribute annually?

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Answers (2)

Know the Answer?

Strickland · Answer 1

729*52=37,908 per year

37,908*0.055=2,084.94

Sage Kane · Answer 2

Take your calculator, enter 729.00, press the X, then enter 5.5, press % key. The answer is $40.10.

If you are asking how much is left after the 5.5% is deducted, then you have to enter 729.00, press the minus key and enter the amount you got when you multiplied 729 x 5.5.