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15y ago

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What Percent of a business income should go to expenses?

60%


How is Loss of Income Insurance calculated?

I don't know how insurance calculate it, i think they should go after gross income instead of net income


What percentage of your income should go towards mortgage?

Investopedia advises that the principal, interest, taxes and insurance should not exceed 28% of your gross income.


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.


What percentage of monthly income should go on household expenses?

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


You have a dependent but no income?

If you have no income how are you providing over 50% of the care for your dependent? The exemption should go to the person that is providing shelter, food and clothing for the dependent.


What should you consider in regards to retirement income?

If you are asking what you should consider in regards to how much you should save for retirement income I suggest you contact a financial adviser. The answer will be based on your current income, and how you want to 'live' when you retire. As in, do you want to continue to go on vacations and dine out, or are you content staying home and occasionally going out.


If you have budgeted 2.3 percent of your income to go toward car repair how much should you set aside each month if you earn a monthly income of 1800?

41.4dollars


What percentage of business income should go to rent?

Percentage of business income should not be used to decide rent. Business needs and desires should be used to calculate rent. You could be making hundreds of thousands of dollars working out of a home office.


Where do you enter imputed income on your tax forms?

It depends on the type of imputed income. If it is imputed interest, enter it where all other interest payments go (schedule B). If it is imputed life insurance income from your employer, that should already be included in box 1 of your W-2 and you should enter it on line 7 of your W-2. You enter it wherever non-imputed income of the same nature would go.


What percentage of your gross income should go towards car payment?

Not more than 30% I'd say.


What percentage of your income should go towards a vehicle loan?

less than 20% less than 20%