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the tax rate on Harriet's $80,000 home is 20 mills. The property is assesed at full value. How much will Harriet pay in Texas this year?

From net earnings of $740 per month, Ginger Elliot must spend $200 for her portion of the rent payment?

Victor has a net income of $1240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can spend on other things?

John and Mary own a condominium with an assesed value of $110,000. If the tax rate is 25 mills per $1.00 of assesed valuation, how much tax do they pay?

Moneys taken out a salary for such things as taxes, medical insurance, and retirement funds are called
A. Contributiuons
B.Commisions
C.Deductions
D.Exemptions

The gross income of ginger hughes is a $215 per week. Her deductions are; $15.16, FICA tax; 29.33, income tax; 2% state tax; and 3% reitement fund. What is her net income

2006-12-27 13:32:21 · 2 answers · asked by Anonymous in Science & Mathematics Mathematics

2 answers

Consider this problem:

Victor has a net income of $1240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can spend on other things?

this simply requires you to subtract Victor's expenses from his net income, and then calculate a simple percentage:

$1240-(150+244+300+50) = spendable income = $496
(496/1240) * 100 = 40%

You can get net income of Ginger by understanding that gross = total income before deductions while net = take-home, ie, the amount after deductions.

2006-12-27 19:57:31 · answer #1 · answered by teachbio 5 · 0 0

Sorry. You need to do your own homework. You learn absolutely nothing by getting someone else to do it. It's a cheap, dishonest thing to do and frankly, I consider it one small step short of cheating. You're going to try to pass other peoples' work off as your own. Sooner or later in life you're going to have to stand on your own two feet. Might as well start now.

2006-12-27 21:48:59 · answer #2 · answered by flyfisher_20750 3 · 1 3

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