Stephen and Whitney have been married for 10 years. After taxes and other payroll deductions, they...
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Stephen and Whitney have been married for 10 years. After taxes and other payroll deductions, they bring home $68,000 annually. If they save 10% of their take-home pay and use the rest for household living expenses, how much should they have in an emergency fund to meet the 3-month emergency fund requirement? (Tip: assume that they spend all the rest of money on living expenses.) Stephen and Whitney have been married for 10 years. After taxes and other payroll deductions, they bring home $68,000 annually. If they save 10% of their take-home pay and use the rest for household living expenses, how much should they have in an emergency fund to meet the 3-month emergency fund requirement? (Tip: assume that they spend all the rest of money on living expenses.)
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Answer rating: 100% (QA)
Answer 20400 Calculation Takehome pay 68000 Amount saved 10 of 68... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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