Question
You are starting a new job with a salary of $45,000. One-fourth (25%) of your pay will go toward taxes (federal, state, local, and FICA).
You are starting a new job with a salary of $45,000. One-fourth (25%) of your pay will go toward taxes (federal, state, local, and FICA). Following the 90-10 rule, what is the amount to be budgeted for monthly living expenses? (Round to a whole number)
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
