anonymous
  • anonymous
Can someone PLEASE help me with this problem???!!!!!! 36. 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, and how much discretionary money remains per month?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
find monthly income... find 5 times that amount.. divide by 12
anonymous
  • anonymous
that's how much you need to save per month
anonymous
  • anonymous
subtract the deductions from your monthly income...

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anonymous
  • anonymous
subtract the payments into savings from what remains... that's your discretionary amount.
anonymous
  • anonymous
any questions about any of those steps?

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