0
Well one is obligated to pay their rent, but if someone is going to be paying over 30% of their monthly income on rent, there is a possibility of going upside down.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
A is a category on which income is spent?
Expenses
The Thompsons have prepared the following budget What percent of their expenses is spent on housing and entertainment?
26.0
Paula prepared the following budget. What percent of her expenses is spent on housing and entertainment?
26%
What items are found on the income statements?
mostly what you spent on your previous shoping spree and you checking balance
Who decides how profits should be spent in a corporation?
Ultimately, the Board of Directors decides how profits should be spent in a corporation.
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 percentage of your total income should be spent on a new car?
Financial experts generally recommend spending no more than 15-25% of your total income on a new car. It's important to consider your individual financial situation, including other expenses and savings goals, before determining how much you can comfortably spend on a car.
What percentage of business income should be spent on commercial rent?
20 percent
What percent of income is spent on housing?
We are spend RM 1000 in housing but bankrcupt
How do you calculate percent of income spent in one area like housing?
You could divide that number by your total income and that should determine the percent.
What percentage of the Reed's expenses is spent on housing and food?
43%
What percentage of America's income is spent on food?
asha
What percentage of family income is spent on food in China?
The percentage of family income that is spent on food in China is about 45%. This is attributed to the high cost of living associated with the stagnating economy.
What percentage of annual income is spent on food in India?
20%
What percentage of your gross income should go towards rent?
No more than a third of your gross annual income should go towards housing. As for rent, you should not spent anymore than 25% of your gross income. Housing - This expense should include mortgage, insurance, gas, electricity, maintenance, and phone. (according to crown.org budget guide) Rent or your monthly mortgage payment plus each of the above should never exceed 36%. 1/3 is generally a good rule just as with the 1st answer, but don' t forget that the number includes the other housing expenses.
How do you find the percent of of the expenses is spent on utilities?
Total of income. Total spent on utilities. utilities divided by 100, timed by income, will give the percentage of utilities.
