answersLogoWhite

0


Best Answer

25 percent of income should go to house payment but the average is more like 50 percent.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Income should be paid on a house payment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Meaning Advance Payment Tax?

Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance payment of tax


How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?

90+40=130 (Total payment/130)x40=amount paid by lower income. (Total payment/130)x90=amount paid by higher income.


Is disability income treated as part of gross income?

Basically, to the degree that you paid for the premium of the policy, that income is not taxable. If it was all paid for by your employer, as virtually all public programs are, then the payment is taxable.


Can a pensioner get income tax rebate on his paid house rent?

Rent has no effect on income tax


Does my homeowners policy paid my house payment while I am off work the sable?

No.


What is your weekly income if your hourly payment is 20 dollar per hour?

It depends on how many hours you are paid for in a week.


What is the meaning of dividends?

The meaning of a dividend is a certain amount of money paid to an account on a regular basis. This can be payment to creditors, payment from stocks, bonds or any source of income.


Do real estate agents gett paid weekly?

They get paid when they sell a house. Their schedule of payment depends on how many houses they sell.


House payment with tax included?

Commonly your mortgage payment is PITI, principal, interest, taxes and insurance...as all those things are what the kender cares about..they simply work as a billing/payment agent for the T&I, collecting from you monthly and paying on your behald to the dept or isn co. The morgage co sends a statement saying how much taxes and insurance were actually paid on your behalf (normally as part of the statement saying how much interest you paid), and what was paid (not what they collected), is useful for income taxes.


Why should you have insurance if it paid for house?

if you paid cash for the house do you need homeowners insurance


Net earning of 740 per month if paid 200 on rent what percent of her income is her rent payment?

Rent payment percentage as follows: Percentage = 200 / 740 * 100 = 27%


How many people paid income taxes in 2006?

Not as many as should have.