Question

Al and Maria received a total of $210,000 from a deceased relative's estate. They decided to put away $50,000 in a trust for their child and divide the remainder into 34 for Maria and for 14 Al. How much will Maria receive?

Answer 1

Maria will receive $113,333.33 from the estate.

Step-by-step explanation:

To calculate how much Maria will receive, we need to find the remainder after putting $50,000 aside for their child. The remainder can be found by subtracting $50,000 from the total estate amount of $210,000:

Total amount - Amount for trust = Remainder

$210,000 - $50,000 = $160,000

Next, we need to calculate how much Maria will receive from the remainder. To do this, we divide the remainder by the sum of the fractions representing the share for Maria and Al:

Maria's fraction = 34

Al's fraction = 14

Total fraction = Maria's fraction + Al's fraction = 34 + 14 = 48

Maria's share = (Maria's fraction / Total fraction) * Remainder

Maria's share = (34 / 48) * $160,000

Maria's share = $113,333.33