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Saving is the key to financial stability. Therefore it is goodÊto saveÊat least 10 percent of your Êmonthly income.Ê
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∙ 9y ago
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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 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.
Disadvantages of personal savings?
There are no disadvantages of personal savings. Saving money is always a good thing. Every individual should save a portion of his monthly income in order to help his retirement or to help him in case of a future emergency. Saving money is not and never will be a disadvantage to anyone.
. 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%
Why should consumers invest money when they already have savings for emergencies?
investments may provided greater future income
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
What percentage of business income should be spent on commercial rent?
20 percent
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.
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.
If the degree of operating leverage is 4 then one percent change in quantity sold should result in four percent change in?
If the degree of operating leverage is 4 then one percent change in quantity sold should result in four percent change in the net operating income. The calculation for degree of operating leverage are total contribution margin divided by net operating income.
What does a tax accountant do?
It depends on your particular financial situation. If you have a lot of income, then the tax accountant may be able to find tax savings and recommend appropriate tax strategies. If you are unemployed and with little or no income, perhaps you should do them yourself.
