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koban [17]
3 years ago
7

You(or your parents) earn$53,698.00/yr and you have deductions of FICA(7.65%), federal tax withholding(11.5%), and state tax wit

hholding(9%). How much is this allowed housing expense for the year?
Mathematics
1 answer:
anyanavicka [17]3 years ago
4 0
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

net income is 38582.01 for the year/12 = 3215.17(rounded) per month 
<span>since rent/mortgage should not exceed 25% of income, that is about 800/month </span>
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