Personal Finance: Budget, Percent, Sales Tax, Income Tax

$360

$385

$408

$420

More than 50% of Patels budget is spent on rent.

Patel is saving more than 10% of her monthly income.

Patel's car payment and other Spending account for more than 25% of her monthly income.

Patel is spending more than 10% of her monthly income on her car payment.

20%

12%

16%

30%

y = 2,550(12)

y = 2,550(52)

y = 2,550/12

y = 2,550/52

An hourly job earning $15 per hour for 40 hours per week for 4 weeks a month.

An hourly job earning $25 per hour for 25 hours per week for 4 weeks a month.

A monthly salary of $2,250.

An hourly job earning $22 per hour for 30 hours per week for 4 weeks a month.

Jesse will save 70% of his income towards college.

Jesse will use 10% of his income towards his cell phone bill each month.

Exactly 85% of his income will go towards college savings and entertainment.

Exactly 15% of his income will go towards entertainment.

Oscar puts $360 of his monthly income into savings.

Less than $900 of Oscars monthly income is for house payment and life insurance.

Oscar budgets $485 of his monthly income for utilities, telephone, and emergencies.

More than $530 of Oscars monthly income is for car payment and car insurance.