Question

3. Jose earns $3680 per month, of which 22% is taken out of his paycheck for federal and state income taxes and other required deductions. Last month he spent $775 for rent and $86.12 for clothing. What percent of his take-home pay did he spend on rent and clothing combined?

Answer 1

$861.12

Explanation:

We know that Jose earns $3680 per month, of which 22% is taken out of his paycheck for federal and state income

taxes and other required deductions.

The amount of that is removed as tax =

0.22×$3680=$809.6

The remaining amount after tax= ($3680 - $809.6)=$2870.4

Which means his take home amount is $2870.4

We know that Last month he spent $775 for rent and $86.12 for clothing.

% spent on rent can be calculated as

X ×2870.4=775

X=775/2870.4

=0.2699 ×100%=26.9%

% spent on clothing can be calculated as

X ×2870.4=86.12

X=86.12/2870.4

=0.03 ×100%=3%

Total %=3+26.9=30%

percent of his take-home pay he spend on rent and clothing combined is 30%

=30%×$2870.4= $861.12