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What else can I help you with?
Income should be paid on a house payment?
25 percent of income should go to house payment but the average is more like 50 percent.
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.
How many categories should you include in a budget?
You should include at least five categories in a budget: income, fixed expenses, variable expenses, savings, and debt repayment.
What percent of gross income should go into salaries?
If you're going to set salaries as a percent of gross income, I submit that you're approaching the issue from the wrong direction. Salaries should be established based upon, not gross income, but (i) the responsibilities associated with the job and (ii) existing salaries for positions with similar responsibilities within your market.
I make 30000 a year how much should I spend on rent per month?
Only about 25 percent of your total income should be spent on rent. An income of $30,000 should spend no more than $2500 per month on rent.
. The bank earns 10 percent on commercial loans and 12 percent on home loans. What amount of money should be allotted for each type of loan to maximize the interest income?
All of the money into home loans of course.
Does the IRS tax you on your checking account savings without interest?
No. You should only be taxed on income, not on your savings.
Income should be paid on a house payment?
25 percent of income should go to house payment but the average is more like 50 percent.
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 Percent of a business income should go to expenses?
60%
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
Why should consumers invest money when they already have savings for emergencies?
investments may provided greater future income
What percentage of business income should be spent on commercial rent?
20 percent
What percent of your monthly income should go toward your house payment?
The general rule of thumb is for your house payment to not exceed 28% of your monthly income. However, it's important to consider your specific financial situation, including other expenses and savings goals, when determining how much of your income to allocate towards your house payment.
Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
How many categories should you include in a budget?
You should include at least five categories in a budget: income, fixed expenses, variable expenses, savings, and debt repayment.
What percent of gross income should go into salaries?
If you're going to set salaries as a percent of gross income, I submit that you're approaching the issue from the wrong direction. Salaries should be established based upon, not gross income, but (i) the responsibilities associated with the job and (ii) existing salaries for positions with similar responsibilities within your market.
