$3\mathrm{.}2$ Employment Earnings

Quick Refresher

This Refresher from $2\mathrm{.}5$ The Personal Budget will help you get familiar with presuisite concepts

Kent earns a salary of $$35,000.$ He has $$15,000$ in savings, which earns $2\%$ APY, contributes $10\%$ of his gross pay to his retirement plan and donates $$500$ to the NRA. What is Kent's annual income?

$$35,300.$

$$40,000.$

$$38,800.$

$$35,000.$