Question

John earns $ 6000 per month. He spent $ 1000 is on house rent, $ 1200 on food and $ 500 on miscellaneous expenditure. What is the percentage of his saving?​

Answer 1

Answer:

Let's see,

1/3=2/6=4/12=8/24

1/4=2/8=6/24

1/6=2/12=4/24

1/8=3/24

So the total percentage of his expences come down to:

21/24

That what remains is equal to $1250:

3/24∗(Salary)=$1250.

Salary=$1250∗24/3=$10000.

Then we have to calculate for taxes, where the rates in Holland are 52% if you're earning over some amount of €66.422 annually, which translates to $72.921,39 as of the current rates. Thus the total salary becomes

$10000/0.48=$20833,33 per month.