What is the maximum percentage of net spendable income that should be set aside for transportation

Business

2 answers:

Digiron [165]2 years ago

5 0

The minimum is 15% and the maximum is 20%

MArishka [77]2 years ago

4 0

The spending percentage guidelines are the ideal percentage a person can spend when he or she receive his or her salary or income. Note that this is not the actual salary spent in a person. It is merely a suggestion on how to spend the salary or income. The maximum percentage of net spendable income that should be set aside for transportation is up to 15%. The answer is letter A. the rest of the percentage does not match any of the supposed to be expenses. Up to 32% of the income, it is spent for housing. And up to 11% of the income is spent for food.

You might be interested in

What is the purpose of this presentation? to persuade to instruct to inform to entertain

elena-s [515]

To give the audience more information or teach them about something ENTERTAIN. Keeps the audience's attention usually in an enjoyable way INFORM. Gets the audience to believe something or do what they are saying PERSUADE.

What is the purpose of this presentation to persuade?

In a persuasive speech, the goal is to change the attitudes, beliefs, values, or judgments of your audience.

If we look back at the idea of motive, in this speech the prosecuting attorney would try to convince the jury members that the defendant is guilty beyond reasonable doubt.

When an author's purpose is to inform, they usually wish to enlighten their readership about a real-world topic. Often, they will do this by providing lots of facts.

Learn more about purpose here:

brainly.com/question/16049281

#SPJ4

6 0

1 year ago

The differences between career and non career

swat32

A career is something that can last forever well a non career is a thing that can end quickly

6 0

3 years ago

Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear

scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

Swift Company

Income Statement

For the Month Ended August 31

Particulars Amount (in $) Amount (in $)

Sales .............................................................. 450,000

Cost of goods sold:

Finished goods inventory, August 1 ............... 40,000

Add: Cost of goods manufactured ................. 310,000

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31.. 60,000 290,000

Gross margin .................................................. 160,000

Selling and administrative expenses ................. 142,000

Net operating income...................................... 18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

brainly.com/question/24498019

#SPJ4