Answered

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Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio.

A. 85%
B. 25%
C. 40%
D. 30%

I’m in between B and C because if you take away the 20% for taxes, you get 8,000 and 2000/8000 is 25%, BUT 2000 is 20% of 10000 and plus the 20% for taxes is 40%. What do I do?

Sagot :

christiangrund25

Answer:

c because isnt 2000=20% of 10000 so 40%

Explanation:

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