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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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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.
Is gross household income monthly or annually?
annual
What is the average income in New Brunswick?
Our GDP (Gross Domestic Product) is a rather meager $33,664.
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?
What is the average household income in Switzerland?
According to a press release of the Swiss Statistics (Swiss federal bureau of statistics / http://www.bfs.admin.ch/bfs/portal/de/index/themen/20/22/press.Document.110519.pdf) from the 24.6.2008 the average gross income of a Swiss household is 8490.- CHF. Of which 6300.- CHF are from earned income, 1700.- from pensions and social security and the reminder mainly from capital gain.
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.
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 difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
What percentage of company's gross income should go towards advertising?
Most small businesses should allocate between 2 and 3 percent of revenue for advertising. That number should increase as the business grows.
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 is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
What is the percentage sallie Mae can garnish from you per garnishment?
Up to 25% of your disposable income. Disposable income is gross - taxes.
Is gross income or adjusted gross income used in refinance?
Gross income.
