explain anwser

Question

You have housing and fixed expenses of $631.72/month and they are 33% of your realized income. What is your realized income per month?
Answer is : 1,914.30

Answer 1

To find the realized income, first calculate what 100% of the income is by dividing the total expenses by the percentage they represent (33%).

Total expenses = $631.72 / 0.33 = $1,914.30

Therefore, your realized income per month is $1,914.30.