This is known as a TITHE.
Tithe (or tithing)
Tithe
The correct term is tithe. This describes when a person promises 10 % of their income to the church. This shows that they are holy and promises them a spot in heaven( as some still believe and other let go) An example is used in The Canterbury Tales.
25 percent of income should go to house payment but the average is more like 50 percent.
40 percent
40 percent
Rent payment percentage as follows: Percentage = 200 / 740 * 100 = 27%
8
Yes, receiving payment for your rent is considered as income.
Her rent accounts to 27% of her 740 income per month.
You monthly payment on a loan is largely based on your monthly income. usually you are expected to pay 15% percent of you income to you debtors or creditors.
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.