Question

Annie earns $4200 per month, of which 20% is taken out for federal and state income taxes and other required deductions. Last month she spent $925 for rent and $212.13 for clothing. What percent of her take home pay did she spend on rent and clothing?

Answer 1

Explanation:

The Low-Income Housing Tax Credit provides a tax incentive to construct or rehabilitate affordable rental housing for low-income households.