The discretionarymoney for a month is $1628.16, excluding savings per month.
The discretionarymoney is the leftover money in the income after excluding the savings and expenditures.
The given realized income is $36,864.00/yr
Then for a month, the realized income = $36,864/12
= $3072/month
Fixed and housingexpenses are 32% of the realized income/month
= $3072 ×
= $983.04
Savings are 15% of the realized income/month
= $3072 ×
= $460.8
Then subtracting these from the realized income per month to get the discretionary money
Discretionarymoney (per month) = $3072 - $983.04 - $460.8
= $1628.16
So, the discretionarymoney left after excluding savings is $1628.16/month.
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Answer:
You will have $1628.16 per month in discretionary money.
Step-by-step explanation:
In order to find the amount of money you have left for discretionary purposes at the end of the money, you need to calculate the total amount of your monthly pay is going towards expenses and savings. Since there are 12 months in a year, your monthly income is $3072. Of that amount, you spend 32% on housing and 15% on savings, for a total of 47%. The remaining percentage of your income would be considered discretionary, which would account for 53%. To find the amount of money, you take your monthly income and multiply it by 53%, or .53, which gives you $1628.16.
Decimal numbers are numbers that have fractional parts.
Take for instance the following products.
Assume the power of 10 is n.
So, patterns can be used to calculate the product of a decimal and a power of 10 by moving the decimal place forward or backward
Read more about patterns and decimals at:
Answer:
When we multiply a decimal by a number with power of 10, the decimal point moves to the right by the same number of zeros in the power of ten multiplier.
For example:
Multiplying 7.362 by 100.
As there are 2 zeroes in 100, we will move the decimal to 2 places in the right.
Hence,
Powers of 10 are like 10,100,1000 and so on.
Step-by-step explanation:
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