Mallory would donate $1,335.25 to charity
What is the equivalent of 1 7/10% in decimals?
In the first place, 7/10% is the same as 0.70% when added to 1%, it becomes 1.70% and the match-up donation is 0.75% (i.e 3/4%) is the portion of her Income that the employer would contribute to the charity in addition to Mallory's contribution.
Mallory's contribution=1.70%*$54,500
Mallory's contribution=$926.50
The employer's contribution which is 0.75% of her salary is determined thus:
employer's matchup contribution=0.75%*$54,500
employer's matchup contribution=$408.75
In essence, the total amount that she would donate to charity, hers and employer's is the sum of $926.50 and $408.75
total donation to charity=$926.50+ $408.75
total donation to charity=$1,335.25
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Full question:
Mallory will donate 1 7/ 10% of her income at the end of the year to charity. Mallory’s employer will match her donations by donating 3/4% of her income to the same charity.. If Mallory earned $54,500 this year how much
will she donate to charity?
