Assume that your take-home pay is approximately 75% of your gross pay (pay before taxes). My salagy: $56,000 a. Calculate your monthly take-home pay. Show your work! 1. 75/ 100 2. 56,000 x .75 3. 42000/ 12 4. Answer: 3 500 b. Use the assumption that you should not spend more than 25% of your monthly take-home pay on your mortgage (this is only one recommendation for what % of your income should go to your mortgage, and doesn't include homeowner's insurance, property taxes, or PMI}. i. What is 25% of your monthly take-home pay? Show your work! 25/1oo 56,000 x .25 14,000/12 Answer: 51,166] ("Lake home gay) PIPE"?

pur-new-sol

Related Questions