you posted Thanks for the help I offered, and now you post the question again?
It's just a way to figure the gross pay after working x hours at the 2nd job, subtracting the deductions and the fixed expenses, then multiplying by 10 to get the total payments needed for 5 months of expenses. Where do you get lost?
PLEASE HELP WITH THIS QUESTION, I’M TOTALLY LOST!
Your realized income from your primary job is $2,034.24/month. Your fixed expenses are 30% of your primary job’s realized income. You have a 2nd job that pays $9.50/hr with deductions of FICA (7.65%), federal tax withholding (11.5%), and state tax withholding (7.75%). If you want to save enough in the next 10 months to have an emergency fund that will cover 5 months using only 20% of your discretionary monies from your primary job, how many hours per month do you need to work at your 2nd job to meet your monthly savings goal?
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