Round any decimals to the nearest penny.

Question

Your fixed expenses are $1,045.32/month. What is your minimum realized income per month if your expenses are 36%?

Answer 1

First, we need to calculate 36% of the total expenses:

$1,045.32 x 0.36 = $376.92

Next, we need to add this amount to the total expenses to find the minimum realized income:

$1,045.32 + $376.92 = $1,422.24

Therefore, your minimum realized income per month must be $1,422.24.