On December 17, 2010, the Wilmington, North Carolina StarNews carried an Associated Press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent to 93.3 million. What was the percentage increase in the average tax refund from 2009 to 2010? $2,892 - $2,663= 229 ÷ $2,663= 0.08599324% was the percentage increase from 2009 to 2010. How many refunds were there in 2009 and in 2010? (Use the information given in the problem to find your answer.) c. The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total dollar amount refunded changed from 2009 to 2010. Find that change in both absolute and percentage terms
On December 17, 2010, the Wilmington, North Carolina StarNews carried an Associated Press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent to 93.3 million. What was the percentage increase in the average tax refund from 2009 to 2010? $2,892 - $2,663= 229 ÷ $2,663= 0.08599324% was the percentage increase from 2009 to 2010. How many refunds were there in 2009 and in 2010? (Use the information given in the problem to find your answer.) c. The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total dollar amount refunded changed from 2009 to 2010. Find that change in both absolute and percentage terms
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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On December 17, 2010, the Wilmington, North Carolina StarNews carried an Associated Press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that
The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent to 93.3 million.
- What was the percentage increase in the average tax refund from 2009 to 2010?
$2,892 - $2,663= 229 ÷ $2,663= 0.08599324% was the percentage increase from 2009 to 2010.
- How many refunds were there in 2009 and in 2010? (Use the information given in the problem to find your answer.)
c. The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total dollar amount refunded changed from 2009 to 2010. Find that change in both absolute and percentage terms
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