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
Here is your question: 7/6 divided by 2.
÷
.
Multiply and you get
Unfortunately, Nicholas' steps in simplifying the fraction is not reflected in the question. However, the general idea of the simplifying fraction is to find the greatest common factor (GCF) of both the numerator and the denominator. In this case, the GCF is 10. Then, divide both numbers by the GCF. The answer for this item should be 2/3.
