Answer:
Rent each month = $1421
Amount left after rent and taxes monthly = $2453
Step-by-step explanation:
Gross salary; $61,992 per year
His gross pay per month will be;
61992/12 = $5166
Now, the standard recommended rule in budgeting for house rent is to use between 25% to 30% of your monthly pay for rent.
Now, let's adopt an average of 27.5%
Thus;
Amount he can afford for rent each month = 27.5% × 5166 = $1420.65 ≈ $1421
We are told he pays 25% of his gross monthly income in federal and state taxes.
Thus, amount spent on taxes each month = 25% × 5166 = $1291.5 ≈ $1292
Thus, amount he will gave left after rent and taxes = 5166 - (1421 + 1292) = $2453
Answer:
here
Step-by-step explanation:
Answer:C- Her net income is less than $120.
Step-by-step explanation:
Answer:
jhj
Step-by-step explanation:
Hi try
0.067
Explanation
6.7% = 0.067 in decimal form. Percent means 'per 100'. So, 6.7% means 6.7 per 100 or simply 6.7/100. If you divide 6.7 by 100, you'll get 0.067