Question

Jose earns $3680 per month, of which 22% is taken out of his paycheck for federal and state income taxes and other required deductions. Last month he spent $755 for rent and $86.12 for clothing. What percent of his take-home pay did he spend on rent and clothing combined?

Answer 1

Answer:

29.30%

Step-by-step explanation:

Total Monthly earnings of Jose = $3680

22% is paid for federal and state income taxes and other deductions.

Take-home salary for Jose is total earnings minus the taxes and deductions.

Take-home salary = $3680 - 22% of $3680

Take-home salary = $3680 - $809.6 = $2870.4

Money spent on rent = $755

Money spent on clothing = $86.12

Money spent on rent and clothing combined = $841.12

Percentage of a quantity is given as the quantity divided by the total quantity multiplied with 100.

Therefore,

Percentage of take-home pay spent on rent and clothing:

$\dfrac{841.12}{2870.4}\times 100 = \bold{29.30\%}$