2/3 x 12/17 x 1/4
1 answer:
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Answer:
The percent of net income Maddie gives as rent = 29.97%
Step-by-step explanation:
Given:
Gross monthly income for Maddie = $2200
Percentage of her paycheck withheld = 35%
Amount paid for rent = $400
To find the percent of her net monthly pay that goes to rent.
Solution:
Amount of paycheck withheld as deductions :
⇒ 35% of the gross income
⇒ 35% of $2200
⇒
⇒ $ 770
Net income = <em>Gross income - deductions</em><em> = </em> = $1430
Percentage of net income given as rent is given as :
⇒
⇒
⇒ 27.97% (Answer)