Business

Roselyn Larson

13 February, 05:40

You earn $400 a month after taxes. a. Find your net income in one year b. Calculate 20% of your annual net income to find your safe debt load c. Calculate 10% of your monthly income to determine what the highest amount your monthly debt payments should total to.

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “You earn $400 a month after taxes. a. Find your net income in one year b. Calculate 20% of your annual net income to find your safe debt ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3 par value $150,000 Additional paid-in capital-common 850,000 There have been two issues of stock since the corporation

A postsecondary school that does not have a set of admission requirements such as a minimum GPA or test scores is called A. highly selective college B. open college C. vocational school D. moderately selective college

Buddy Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 800. During the year Buddy wrote off uncollectible receivables of $ 1, 700.

Bob, a guest at a hotel, reached into the front seat of the hotel limousine to get his briefcase. he supported himself by placing his left hand on the center pillar to which the rear door was hinged.

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.

New Questions in Business

In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and many are made of cobblestones or bricks.

When the government injects money into the economy, consumers may have more disposable income, which may lead to higher unemployment. higher production lower production. increases in taxes.

Stock prices are determined in the financial markets. Management's primary goal is to maximize the firm's stock price, so financial managers need to understand how these markets operate in order to make good decisions.?

The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true. 1.

On October 1, 2019, Donna Equipment signed a one-year, 8% interest-bearing note payable for $50,000. Assuming that Donna Equipment maintains its books on a calendar year basis, how much interest expense should be reported in the 2020 income