In 2012, the employees of Radcliff Ltd. agreed to purchase 5% of the share capital of 10 million shares of $2 each. There are 20 employees in the plan, and each purchased an equal number of shares. Johnson works at Radcliff Ltd. What would be his ESOP share deduction? $45,000 $25,000 $75,000 $50,000.

In 2012, the employees of Radcliff Ltd. agreed to purchase 5% of the share capital of 10 million shares of $2 each. There are 20 employees in the plan, and each purchased an equal number of shares. Johnson works at Radcliff Ltd. What would be his ESOP share deduction? $45,000 $25,000 $75,000 $50,000.

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.6: Solve Applications With Linear Inequalities

Problem 3.110TI: Christian has been offered a new job that pays $24,000 a year plus 3% of sales. For what total sales...

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Question

In 2012, the employees of Radcliff Ltd. agreed to purchase 5% of the share capital of 10 million shares of $2 each. There are 20 employees in the plan, and each purchased an equal number of shares. Johnson works at Radcliff Ltd. What would be his ESOP share deduction?