AbigailRhodes
contestada

Market researchers often report disposable income. This is your income after tax deductions. Your gross income is $3,000 per month. Your federal tax is 10%, state tax is 5%, city tax is 2%, and you pay 7% to social security. What is your monthly disposable income?

Respuesta :

To solve this problem, take your gross income of $3,000 and multiply it by each percentage rate that you pay from it. Once that's done, you can subtract all of the amounts and receive the disposable income.

($3,000)(.10) = $300

($3,000)(.05) = $150

($3,000)(.02) = $60

($3,000)(.07) = $210

Add these numbers:

($300 + $150 + $60 + $210) = $710

Then take $710 and subtract from $3,000:

$3,000 - $710 = $2,280

kapoorprachi783

The monthly disposable income is $2,280.

How to find monthly disposable income?

To solve this problem, take your gross income of $3,000 and multiply it by each percentage rate that you pay from it. Once that's done, you can subtract all of the amounts and receive the disposable income.

($3,000)(.10) = $300

($3,000)(.05) = $150

($3,000)(.02) = $60

($3,000)(.07) = $210

Add these numbers:

($300 + $150 + $60 + $210) = $710

Then take $710 and subtract from $3,000:

$3,000 - $710 = $2,280

What do you mean by disposable income?

Disposable income, that portion of an individual's income over which the recipient has complete discretion. An accurate general definition of income is not easy to provide. Income includes wages and salaries, interest and dividend payments from financial assets, and rents and net profits from businesses.

Learn more about disposable income here: brainly.com/question/1810376

#SPJ2

Otras preguntas