What percent of Hal's income does he spend on housing

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 28P
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What percent of Hal's income does he spend on housing?
6.
=14-87
460.622). 3.30 = 66.90
Hal is 47 and pays $2230 on his mortgage each month while his total take-home pay is
$5870 per month. The national average, for those aged 35-64 on housing costs is 35% of
income. What percent of Hal's income does he spend on housing? (round answer to the
nearest percent)
Transcribed Image Text:6. =14-87 460.622). 3.30 = 66.90 Hal is 47 and pays $2230 on his mortgage each month while his total take-home pay is $5870 per month. The national average, for those aged 35-64 on housing costs is 35% of income. What percent of Hal's income does he spend on housing? (round answer to the nearest percent)
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