an employee saves $55 per paycheck in addition to 4.25% of his gross income. an advisor says his savings…

an employee saves $55 per paycheck in addition to 4.25% of his gross income. an advisor says his savings - to - income ratio should be 1 to 5. complete the equation the employee can use to determine the amount he must make, $x$, with this savings structure to follow the advisors recommendation.\n square=\frac{square + 0.0425x}{x}

an employee saves $55 per paycheck in addition to 4.25% of his gross income. an advisor says his savings - to - income ratio should be 1 to 5. complete the equation the employee can use to determine the amount he must make, $x$, with this savings structure to follow the advisors recommendation.\n square=\frac{square + 0.0425x}{x}

Answer

Explanation:

Step1: Identify the savings - to - income ratio

The recommended savings - to - income ratio is 1 to 5, which can be written as $\frac{1}{5}$.

Step2: Identify the total savings

The employee saves $55$ per paycheck plus 4.25% (or 0.0425 in decimal form) of his gross income $x$. So the total savings is $55 + 0.0425x$.

Step3: Set up the equation

The savings - to - income ratio is the total savings divided by the income. So the equation is $\frac{1}{5}=\frac{55 + 0.0425x}{x}$.

Answer:

The left - hand side box should be filled with $\frac{1}{5}$, and the right - hand side numerator box should be filled with $55$.