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27. Ronald's gross income is $60,000, and his living expenses consume 75 percent of his gross income. According to financial experts following the average rule-ofthumb,

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27. Ronald's gross income is $60,000, and his living expenses consume 75 percent of his gross income. According to financial experts following the average rule-ofthumb, Ronald should set aside to cover emergencies. $22,500 to $45,000 $5,000 to $10,000 $15,000 to $30,000 $11,250 to $22,500

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