(Answered) Christine and peter earn a combine annual income of 190500

Economics

Christine and peter earn a combine annual income of $190,500. If christine earns $30,500 per year more than peter, what are their individual annual salaries? Please set up and solve this problem following the steps below:

a) Define the unknown quantities in terms of one variable

b) Translate the question into an equation

c) Solve the equation, showing all work

d) Write a complete answer to the question asked, including appropriate units.

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Macroeconomics, Economics

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