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The county welfare department takes the maximum amount of food stamp benefits a household can get for the number of people in the household, and then deducts 30 percent of the household's net income. As of June 2008, the current maximum monthly allotment for a two-person household is $298.00. This means that for every ten dollars of net income the household has, the food stamp office will reduce the food stamp allotment by three dollars.
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What is the maximum percentage of net spendable income that should be set aside for food?
15%
Formula for net income percentage?
Net income percentage = Net income / Revenue
What is the maximum percentage of net spendable income that should be set aside for housing?
The maximum percentage of net spendable income that should be set aside for housing is 38 percent. It is important to choose housing that you will be able to afford to pay for each month.
Formula for net income?
Net income percentage = Net income / Revenue
What is the maximum percentage of the net spendable that should be set aside for food?
15%
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
I have net profit dollars how do you calculate net profit percntage?
(Net profit/Net Revenue) * 100 = Net Profit Percentage Ex: Net Revenue = 10,000 USD Expenditure = 7500 USD Profit = 2500 USD Profit Percentage = 2500/10000 * 100 = 25%
How do you calculate sales from net income percentage?
Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100
What percentage of net income from self employment earnings can you deduct?
None. Net income is after deducting expenses.
What is the maximum percentage of net spendable income that should be set aside for transportation?
At least 20% should go towards transportation. At most 30%.
What percentage of your net income or realized income should be spent on housing?
25
What percentage of income should be spent on clothing?
About 4% of your net annual income.
