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No more than a third of your gross annual income should go towards housing. As for rent, you should not spent anymore than 25% of your gross income. Housing - This expense should include mortgage, insurance, gas, electricity, maintenance, and phone. (according to crown.org budget guide) Rent or your monthly mortgage payment plus each of the above should never exceed 36%. 1/3 is generally a good rule just as with the 1st answer, but don' t forget that the number includes the other housing expenses.
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∙ 2007-04-21 22:11:58
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What percentage of your gross income should go towards health insurance?
There is no exact percentage but it is recommended that around 10 percent of your income be put toward health insurance. Most people do not spend this much on health insurance.
What is the average household income in Germany?
$36,444 (gross), $25,416 (disposable).
What is the percentage of healthcare cost of US GDP?
What percentage of the gross domestic product in the U.S. represents health care costs?
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Average income for top ten percent of American citizens?
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What percentage of your income should go towards mortgage?
Investopedia advises that the principal, interest, taxes and insurance should not exceed 28% of your gross income.
What percentage of your gross income should go towards car payment?
Not more than 30% I'd say.
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What is the difference between net and gross margin?
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10-15%
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1.45%
What percentage of gross income is withheld as an employees contribution medicare?
The medicare percentage is 1.45 on all gross earned income money that you work for, for the employer and the employee each.
What percentage of gross income is withheld as an employee's contribution to Medicare?
The medicare percentage is 1.45 on all gross earned income money that you work for, for the employer and the employee each.
What percentage of federal taxes are withheld from gross income?
Your employer payroll department would have to give you the correct percentage that they will be withholding for all of your federal taxes that they will be required to withhold from your gross income.
What is the percentage of federal taxes withheld on gross income of 2442.31?
You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings
What percentage of gross income is withheld as an employee's contribution to Social Security?
6.26.2%
