Question

Mr. Turner lives in St. Louis, Missouri. Mr. Turner employer pays 100% of his medical insurance. He has rent of $800 and $600 for car payment, $100 light bill, and $300 car insurance. His payroll and income taxes are estimated to be $287.

Answer 1

Given Data:

medical insurance paid = 100%.

rent = $800.

Car payment = $600.

Light bill = $100.

Car insurance = $300.

Taxes = $287.

Solution:

Minimum salary to bear all expenses is

S = Basic expenses + Payroll and taxes

S = $( 800 + 600 + 100 + 300 + 287)

S = $2087.00

His monthly salary is $2087.00 .

This is the required amount needed.