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How much of your disposable income should you save percentage wise?
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Does 60000 dollars a year make you rich?
60,000 dollars a year will probably make you quite comfortable. Depending on how many family members you have will depend on how much disposable income you will be able to spend.
What percentage of one's income should one put into savings?
The general consensus is 10%-20% of your monthly income is ideal, although this may not be practical depending on your personal financial situation. However, you should work hard to save as much as you can because this becomes your safety net if something unfortunate would happen - losing a job, illness in the family, etc.
What are the requirements to get a mortgage on a house?
The requirements to get a mortgage on a house are generally these. At least one of the potential mortgagees should be in full time employment or some other regular, reliable means of income. They should have a deposit saved which will cover a percentage of the value of the house -the percentage depends on how much the mortgage lender requires, and they should be credit worthy. To ascertain this it may be worth while asking for a credit report from one of the credit companies.
I make 30000 a year how much should I spend on rent per month?
Only about 25 percent of your total income should be spent on rent. An income of $30,000 should spend no more than $2500 per month on rent.
How much can you borrow to buy a house?
Based on income & how many borrowers. You should qualify before starting shopping.
How much will a trustee take out of your monthly income in a chapter 13 bankruptcy Is it a certain percentage?
It's your disposable income. The debtor files a statement of income and expenditures. The expenditures cannot be unreasonably high. The chapter 13 payment is the difference between the income and expenditures.
What percentage of household income is disposable income?
This will vary from country to country, and from region to region. It will vary yearly and throughout the year, and will be different for different social and financial classes.Strictly speaking, disposable income means:Gross income less tax, the balance all being 'disposable'.However, most people are more interested in what is known as discretionary income, which is:Gross Income less Taxes less Necessities such as basic housing costs, transport, food etc. The residue is money that can be saved or spent on non-essentials.To confuse matters, the term 'disposable income' is often used when 'discretionary' income is actually meant.Governments and economists collect a lot of data on this type of information, and much of it is accessible to the public. The Media and Press are also very interested in giving wide publicity to changes in disposable income.For more information, see Related links below this box.
How can you tell if a country is rich or poor?
GDP, Average household income, disposable income, how much debt the country is in, imports and exports...
What is the minimum child support can take?
There is no minimum amount. Perhaps what is meant is..."What is the maximum amount"? In regards to the percentage of a non custodial parent's income/assests that can be garnished for child support obligations, that is determined by the laws of the state in which the support order is rendered. There are some US states where the percentage could be as much as 50% of the non custodial parent's disposable income.
How much percentage of income comes from animals out of India's total income?
15%
What percentage of your gross income should go towards health insurance?
There is no exact percentage but it is recommended that around 10 percent of your income be put toward health insurance. Most people do not spend this much on health insurance.
What percentage of household income do Americans spend on clothing?
Too much
If you have no income how much child support do you pay for 3 kids?
Child support is a percentage of net income.
What created the income on tax?
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
What is a proportional tax?
a tax system in which everyone pays the same percentage of their income no matter how little or how much they make
How much should be salary in South Korea to live comfortably?
The annual total personal income per capita in South Korea was in 2005: $ 11,463 (Disposable) or $ 13,076 (Gross).(Source: http://en.wikipedia.org/wiki/List_of_countries_by_per_capita_personal_income)
Shall we renew the 3 months lapsed health insurance policy?
As with all insurances, that depends on how much you are prepared to reduce risk within the envelope of your disposable income.
