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Porinita is a single mother and trying to find where her money goes because she is not saving as much as she thinks she is.
Porinita is a single mother and trying to find where her money goes because she is not saving as much as she thinks she is. Use the following information to answer the question.
Gross monthly income: RM5,000
Income taxes withheld monthly: RM300
Monthly interest income from investments: RM300
Monthly insurance payments: RM500
Monthly housing expenses: RM2000
Monthly food expenses: RM900
Miscellaneous expenses: RM2000
What is Porinitas current savings ratio?
Select one:
a. - 8 percent
b. None of the above
c. Zero
d. 10.3 percent
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