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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.


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 is the maximum percentage of the net spendable that should be set aside for food?

15%


Jeff has a net spendable income of 1450 per month. What is the maximum amount of money Jeff should plan to spend on his transportation budget?

A general guideline for transportation expenses is around 15-20% of net income. Based on Jeff's net spendable income of $1450, he should plan to spend around $217.5 to $290 per month on transportation.


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.


What is the maximum you should spend on housing if your gross income is 1 800 per month?

The maximum you should spend on housing is 30% of your monthly income. If your gross monthly income is $1800, you should spend no more than $540 per month.


What percentage of my monthly income should I be spending on my home rental?

The general rule is you should spend no more than half of your income on rent. The better you are doing financially, the smaller percentage of income goes towards your house/apartment.


What should I expect to pay if I am renting an apartment based on income?

Each state and organization will have its own criteria, from a fixed amount to a percentage of income. Percentage of income usually is between 25-30%.


What percentage of your take home pay should be discretionary income?

50%


What percentage of monthly income should go on household expenses?

Rent shouldn't be than one quarter of your income.


What are the percentage rates for federal income taxes?

What federal income tax percent should my employer deduct from my wages