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Mathematics, 09.12.2019 20:31 jamieric0324

You earn $17.50/hr and work 40 hr/wk. your deductions are fica (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). your housing and fixed expenses are 30% of your realized income per month. you want to save 5 months' worth in an emergency fund within a year. how much do you need to save per month to fund the emergency fund?

a. $249.03

b. $271.10

c. $258.48

d. $396.62

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Answers: 1

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