Homework Answers
Answer: b. $47,200
Explanation
Original investments:
Xavier: $50,900
Yolanda $ 108,900
Allowances:
Xavier: $ 25,400
Yolanda : $ 31,800
Income at $112,400
Xavier allocation will be:
Calculating interest on the original investment
Xavier = $50,900 x 20% =$10,180
Yolanda= 108,900 x 20% = $21,780
Total interest on original investments = $31,960
Total allowances = $25,400 + $ 31,800 = $57,200
Shareable income= $112,400 - ($31,960+$57,200)
= $23,240
each gets $11,620.00
Xavier will get $ 11,620 + $ 10,180 + $25,400 = $47,200
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