Your housing and fixed expenses are $685.70/month. If they are 33% of your realized income, how much is your realized income

Question

per month?

Answer 1

To find your realized income per month, you can set up the equation based on the information that your housing and fixed expenses are 33% of your realized income.

Let \( I \) be your realized income per month. According to the problem:

\[ 0.33I = 685.70 \]

To find \( I \), divide both sides of the equation by 0.33:

\[ I = \frac{685.70}{0.33} \]

Calculating the right-hand side:

\[ I \approx 2075.76 \]

So, your realized income per month is approximately $2075.76.