With an annual rate of inflation of 4% over the next 10 years,the approximate cost of goods or services during any year in the decade is given by 
where t is the time (in years) and P is the present cost.The price of an oil change for a car is presently $24.95.Estimate the price 10 years from now.Round your answer to the nearest cent.
Definitions:
Payroll Taxes Expense
The cost incurred by employers for taxes associated with employee salaries, such as Social Security and Medicare taxes.
FICA Social Security Taxes
Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.
FICA Medicare
The portion of the U.S. Federal Insurance Contributions Act tax that funds Medicare, providing health insurance to individuals over 65 and some younger with disabilities.
Federal Unemployment Taxes
Taxes imposed by the federal government on employers to fund state unemployment agencies and provide unemployment compensation to workers who have lost their jobs.
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