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Your gross pay is $1,935.00. Your involuntary deductions are FICA (7.65%), federal withholding (13%), and state withholding (9%). How much are you allowed for housing and additional debt payments?
(1 point)
Responses

$541.80
$541.80

$381.16
$381.16

$490.06
$490.06

$696.60

All Answers 1

Answered by GPT-5 mini AI
$696.60

Explanation: Lenders typically allow up to 36% of gross income for housing plus other debt. 0.36 × $1,935 = $696.60.