Answered

Tasha earns $75,000 per year. Her payroll deductions are 28% of her gross income. She saves 5% of her net
income each month in case of an emergency. How much will she budget for her emergency savings for the month
of March?
O $3,750
$312.50
O $87.50
O $225.00

Answer :

Missjo126

Answer:

87.50

Step-by-step explanation:

75,000 x 28% ÷ 12

MrRoyal

She will budget $225 for her emergency savings for the month of March

How to determine the amount saved for emergency?

We have:

Gross = $75,000 per year.

Payroll deductions = 28%

So, the net pay is:

Net = (1 - 28%) * $75,000

Evaluate

Net = $54000

The net income per month is:

Monthly = $54000/12

Evaluate

Monthly = $4500

5% of her net income goes to emergency.

So, we have:

Emergency = 5% * $4500

Evaluate

Emergency = $225

Hence, she will budget $225 for her emergency savings for the month of March

Read more about net and gross pay at:

https://brainly.com/question/13793671

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