Question

bethany's monthly gross income is $3840. she pays 24% of her monthly gross earnings in federal and state taxes, and 15% for her student loan. bethany uses 15% of her monthly gross income to pay toward her credit card balance. she wants to rent an apartment that will cost $1800 per month. will she be able to make the payments without changing the amount she pays toward her student loans and credit card balances? how much would she have to pay in taxes, loans, and credit cards (in dollars)?

Answer 1

She cannot rent the apartment. She is $33.60 short. She will pay $2073.60 in taxes, loans, and credit cards. Hope this helps!

Explanation:

3840*.24=921.60

3840*.15=576

3840*.15=576

921.60+576+576=2073.60

3840-2073.60=1766.4.