Question
Your housing and fixed expenses are $685.70/month. If they are 33% of your realized income, how much is your realized income per month? $2,077.88 $2,488.16
Your housing and fixed expenses are $685.70/month. If they are 33% of your realized income, how much is your realized income per month?
$2,077.88 | |
$2,488.16 | |
$2,219.91 | |
$2,790.55 |
You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U.S. Treasury bond earning a 5.2% APR compounded annually and the rest in a stock plan. Your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. What is the total gain on your original saved amount?
$1,166.28 | |
$915.33 | |
$1,297.31 | |
$1,260.70 |
You earn $17.50/hr and work 40 hr/wk. Your deductions are FICA (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). Your housing and fixed expenses are 30% of your realized income per month. You want to save 5 months' worth in an emergency fund within a year. How much do you need to save per month to fund the emergency fund?
$249.03 | |
$271.10 | |
$396.62 | |
$258.48 |
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