Question: Catherine created a budget based on her gross income of $56,000, but her net income ended up being $49,900. Catherine's rent was going to

Catherine created a budget based on her gross income of $56,000, but her netncome ended up being $49.900. Catherines rent w

Catherine created a budget based on her gross income of $56,000, but her net income ended up being $49,900. Catherine's rent was going to be 35% of her gr income. Determine what percentage of her net income will her rent use up. al About 38.2% b) About 40.8% About 39.3% d About 37.4%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The option c is right option E... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What is the dollar amount of the firms current bad debt losses? What losses would be expected under the new policy? Rich Jackson, a recent finance graduate, is planning to go into the wholesale...

What is the dollar amount of the energy costs needed to produce $10 million worth of goods from each sector? Suppose that a simplified economy consisting of the three sectors Manufacturing, Energy,...

Use the data in Exercise to prepare comparative income statements for the month of January for Liberty Company similar to those shown in Exhibit for the four inventory methods. Assume expenses are...

Consider the monetary approach in the long run and the general model where demand for real balances is a function of the nominal interest rate. Before time T, domestic money, prices, and the exchange...

Give me the correct option. Catherine created a budget based on her gross income of $56,000, but her net ncome ended up being $49.900. Catherine's rent was going to be 35% of her gra ncome. Determine...

This is a project for a tax class. The facts tab contains the 20 problems that need to be entered into the other tabs. Is this something you could help me with? I will tip nicely for good work. Elf...

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

hi I need help with my chapter 7 payroll project 2021 edition , i would really appreciate your help Start of Payroll Project Project Audit Test ? Net Paid $12,340.13 i am trying to attach the excell...

may someone help me this please! I will put the thumb up 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543 Nebraska ID: 20-658790 Nebraska Unemployment Account...

i really need help, please help me,I need get them done before 9:00pm tonight.I will thumb up. Thank you so much 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543...

Give some of the reasons that there are no really effective human vaccines so far for parasitic infections.

A block in the shape of a rectangular solid has a cross sectional area of 3.50 cm2 across its width, a front-to-rear length of 15.8 cm, and a resistance of 935 . The block's material contains 5.33 x...

Which of the following is an advantage of Central banks? They reduce the risk of friends and panics. They conduct bank examinations to make sure banks are not taking on too much risk.Yet does lenders...

Tammy Is driving a racecar. The table below gives the distance D (t Distance D (t) (meters) Time t (seconds) 0. 71.2 4. 166.4 172.8 10 239.6 (a) Find the average rate of change for the distance...

Analyze the strategic elements of organizations and their external environments by applying theories and models of strategy. conduct a competitive analysis of the firm, using resource-based theory or...

1) What are the most important general environment factors to be considered for the industry and the company and what is their effect (positive-negative-neutral)? What is your evidence for the...

One of the greatest examples of global competition is in the car industry. As the Japanese gained market share in America, U. S. carmakers required the Japanese to self-impose quotas on cars exported...

You sit on the board of a public corporation. your ceo has proposed taking steps to offset the carbon impact of your company's manufacturing process. doing so will add to the company's overall...

Find an equation of a linear model to describe the data. Choose the equation that best represents the data. A.r equals negative 0.046 t plus 51.53 r equals negative 0.046 t plus 51.53 B.t equals...

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

PCA Property Condition Assessment Project Background to the Overall Project The Property Government Department (PGD) is responsible for the construction and maintenance of all properties utilised to...

Hi, I need help in filling the yellow shaded regions in Tab 3 and Tab 4. I attempted tab 3 but the answers don't add up. I See The Light Projected Income Statement For the Period Ending December 31,...

3page write-up case analysis. See the attached file. BAKE ME A CAKE, IVEY W13020 Format 3 pages MAX including all narrative, tables, charts, graphs , etc...BEAUTIFUL LOOK (maximum length does not...

Is there anyone can help me solve this accounting project "I can see the light"? XZ9250 I SEE THE LIGHT www.cybertext.com, The Book List, Building Blocks of Accounting--A Managerial Perspective,...

accounting project JA2503 I SEE THE LIGHT JA2503.xls, Jennifer, when you are ready to have your work graded you will upload this file to the same screen that the project was downloaded from:...