# Maths GRE

At the Acme Cement Company, employees contribute to a welfare fund at the rate of 4% of the first \$1000 earned, 3% of the next \$1000, 2% of the next \$1000 and 1% of any additional income. What will Mr. Morris contribute in a year in which he earns \$20,000?

A)290
B)200
C)90
D)260
E)240

So he earns 20,000.
He pays 4% of the first 1000 earned = 40 dollars
He pays 3% of the next 1000 earned = 30 dollars
He pays 2% of the next 1000 earned = 20 dollars
He pays 1% of the remaining income (17,000) = 170 dollars

1. 👍
2. 👎
3. 👁
1. correct , so D

1. 👍
2. 👎

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