Richard's annual take home pay is $34200. what is the maximum amount that he can spend per month paying off credit cards and loans and not be in danger of credit overload?

$570

Step-by-step explanation:

Given is :

The annual income of Richard = $34200

Hence, his monthly income becomes = = $2850

So, the maximum amount that he can spend per month paying off credit cards and loans and not be in danger of credit overload can be a maximum of 20% of this income.

So, 20% of 2850 is = $570

Hence, approximately $570 can be spent a month.

As, the question has no options to choose from, but the question is complete in itself, so this is the best possible answer.

30

step-by-step explanation:

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