You(or your parents) earn$53,698.00/yr and you have deductions of FICA(7.65%), federal tax withholding(11.5%), and state tax withholding(9%). How much is this allowed housing expense for the year?

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07-02-2017
Mathematics

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You(or your parents) earn$53,698.00/yr and you have deductions of FICA(7.65%), federal tax withholding(11.5%), and state tax withholding(9%). How much is this allowed housing expense for the year?

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Аноним Аноним · Answer 1 · 2017-02-14T13:12:09+01:00

Аноним Аноним

14-02-2017

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

net income is 38582.01 for the year/12 = 3215.17(rounded) per month
since rent/mortgage should not exceed 25% of income, that is about 800/month

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alainaboooo08 alainaboooo08 · Answer 2 · 2021-02-13T05:36:28+01:00

alainaboooo08 alainaboooo08

13-02-2021

$10,802.96/ year

Step-by-step explanation:

i just did the test

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