If the person earns $50,000, we must find how much is 2% of that and then add it to $850. Then we would have how much a typical person saves.
First let's find 2% of $50,000
[tex]\begin{gathered} 2\%\text{ of }50000=\frac{2}{100}\cdot500000=\frac{2\cdot50000}{100}=\frac{100000}{100}=1000 \\ \\ \\ \end{gathered}[/tex]Therefore 2% of $50,000 is $1000. Now we add it to $850 and we get
[tex]1000+850=1850[/tex]The final result is $1850
