Question

3.) Alex makes $31,992 per year and pays about 15% of his gross monthly income in federal

Answer 1

Answer: 1699.5 dollars

Step-by-step explanation:

If Alex makes $31,992 per year, then his monthly income will be

31992/12 = 2666 dollars

and he pays about 15% of his gross monthly income. That is

15/100 × 2666 = 399.9

The remaining money will be

2666 - 399.9 = 2266.1

He should able to afford 25% of his monthly income for rent

25/100 × 2266.1 = 567 dollars

The money left after tax and payment for rent will be

2266.1 - 567 = 1699.5 dollars