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Assuming the following information, what is the upper limit George and Sarah could pay on monthly consumer debt payments? Note: Some items may not be
Assuming the following information, what is the upper limit George and Sarah could pay on monthly consumer debt payments? Note: Some items may not be factors in determining take home pay. George and Sarahs gross salary is $6,387 per month 4.5% is deducted from their salary and put in a 401K retirement savings account 12% is deducted for federal income tax 6.2% is deducted for Social Security 1.4% is deducted for federal medicare tax 5% is deducted for state income tax withholding George and Sarah also pay 11% of their gross income to their Church
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