Given :
Mr. Turner employer pays 100% of his medical insurance. He has rent of $800 and $600 for car payment, $100 light bill, and $300 car insurance. His payroll and income taxes are estimated to be $287.
To Find :
What is his necessary monthly salary to have a gross income to meet his total expenses including the payroll and income taxes.
Solution :
Minimum salary to bear all expenses is :
S = Basic expenses + Payroll and taxes
S = $( 800 + 600 + 100 + 300 + 287)
S = $2087.00
Therefore, monthly salary is $2087.00 .
Hence, this is the required solution.
