Problem

Use your calculator to check the accuracy of your estimates for Exercises 33 and 35. Using...

Use your calculator to check the accuracy of your estimates for Exercises 33 and 35. Using the true value for a base, calculate the percent* of error that you made in your estimates.

Exercise 33

Calculating taxes. Dwight’s taxable income is $37,840. If the state income tax rate is 2.4% and the county wage tax is 1.1 %, what is the total that he will pay for those two taxes?

Exercise 35

Calculating tax deductions. Mary Rose works at home as a financial consultant. She wants to claim some of her yearly expenses as tax deductions. Her average monthly basic phone bill is $13.75, electricity is $68.45 per month, and water and sewer is $12.80 per month. If she can claim 1/7 of these expenses as deductions, how much will her annual deduction be?

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