The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's annual disposable income?
-0)
A)
$100,000
B)
$25,000
C)
$50,000
D)
$75,000

D)

$75,000

Explanation:

Disposable income  is the diffrenced between gross pay and deductions.

Net pay =$100,000

the come tax = $100,00 -$25,000

=$75,000

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

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