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WHAT IS the ratio of monthly housing expense to monthly income?
The ratio of monthly housing expense to monthly income is calculated by dividing the total monthly housing costs (including rent or mortgage, property taxes, and insurance) by the gross monthly income, then multiplying by 100 to express it as a percentage. A common guideline suggests that this ratio should ideally not exceed 30%, meaning that no more than 30% of your gross income should go toward housing expenses. This helps ensure that individuals have enough remaining income for other essential expenses and savings.
How do you calculate the hourly rate for a salaried employee based on a 40 hour work week?
Take to gross weekly earnings and divide by 40 if you have the monthly salary (exculding deductions as above ) divide the monthly gross income by 160 (which is 40 hours per week times 4)
When the Monthly salary is 2100 what is the annual gross salary?
Whwn the monthly net salary is £2100, what is the annual gross salary ?
What is the gross monthly income of an elementary teacher?
The gross monthly income of an elementary teacher varies widely based on factors such as location, experience, and education level. In the United States, teachers typically earn between $3,000 and $6,000 per month, with the national average around $4,000. Additionally, salaries may be higher in urban areas or districts with higher funding. Benefits and bonuses can also contribute to overall compensation.
Calculate the monthly gross pay for Miss Cates if she earns 2250 a month with 4.9 commission and 4828 in sales.?
To calculate Miss Cates' monthly gross pay, add her base salary to her commission. Her commission is calculated as 4.9% of her sales: ( 4828 \times 0.049 = 236.52 ). Therefore, her total gross pay is ( 2250 + 236.52 = 2486.52 ). Miss Cates' monthly gross pay is approximately $2,486.52.
What is the gross monthly income for a politician?
the gross monthly income for a politician is $6300
What do gross monthly income mean?
this is your FULL monthly income before tax withdrawal.
When calculating your monthly income on the bankrupsy means test do you use your gross or net income?
Gross.
Is child support based on monthly income or yearly gross?
It's based on the monthly income of the parents.
Is gross income monthly or weekly?
It can be what ever period that your gross earnings are calculated for monthly, weekly, annual and when you are working on completing your income tax return correctly you would report all of your gross yearly income from all sources on your 1040 income tax return.
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
What is the average gross monthly income for a Journalist?
50 pence
With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?
$22,500
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 is the gross monthly income of a film producer?
It really depends on how much they invest.
Is gross household income monthly or annually?
Gross household income is typically reported on an annual basis. It represents the total income earned by all members of a household before any deductions or taxes are taken out.
Is gross income before or after taxes?
Gross income is an individual’s total pay before taxes or other deductions. So, for example, if your monthly income is $3,000 but you only receive $2,000 take-home pay, your net income would be $2,000 while your gross income would be $3,000.
