Respuesta :
Answer:
The amount left for consumption spending is $32,932.95
Explanation:
The amount left for consumption spending is known as disposable income or take-home pay less savings .The disposable income is the income left after taxes have been paid to relevant tax authority.The computation of amount left for consumption is done below:
Gross income $40,221
Tax at 11%(11%*$40,221) ($4424.31 )
Disposable income $35,796.69
Savings at 8% of disposable income
($35,796.69*8%) ($2,863.74)
Amount left for consumption spending $32,932.95
This is not mean that I have to spend this $32,932.95 during the month, there might some investments I want to my money on to yield more returns.
Answer:
The amount of money left for consumption is $32,933.24
Explanation:
Total gross Income
$40221 * (1-tc)
40221*(1-.011)
=35796.69
Disposable income is the amount left for saving and spending after income taxes have been paid which in this case would be $35,797
so 8% of this amount is saved meaning 92% will be left for spending
Savings 37,797*0.08 = $2,863.76
Left for consumption =$32,933.24
