Ask Question
BusinessBusiness
14 May, 19:41

As a percent of take-home pay, monthly consumer credit payments should not exceed

+4
Answers (1)
  1. 14 May, 22:30
    0
    Take-home pay is calculated through individual's monthly gross income and subtracting federal tax, government, health and other contributions.

    Consumer credit can be goods, money or services provided to a consumer instead of a payment and an example are credit cards and personal loans.

    As a percent of take-home pay, monthly consumer credit payment should not exceed to 20%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “As a percent of take-home pay, monthly consumer credit payments should not exceed ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If a customer is wrong about something when expressing resistance, the salesperson should consider using the Indirect Denial method before considering the Direct Denial method.
Answers (1)
Suppose you want to perform a test to compare the mean GPA of all freshmen with the mean GPA of all sophomores in a college? What type of sampling is required for this test? a. Independent sampling with qualitative data. b.
Answers (1)
When the government is authorized to spend a specific amount of money, this is known as a (n) ?
Answers (1)
At times, someone with a good credit rating may not be able to get a loan. When this happens, the potential customer may be told to try again in the near future.
Answers (1)
Explain how and why governments may want to regulate the price setting of a natural monopoly.
Answers (1)
New Questions in Business
The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share. a. What is Evanec's cost of retained earnings? b.
Answers (1)
Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the balance of his account after the discount period, how much should he pay?
Answers (2)
Which of the following characteristics lead to a downward-sloping demand curve?
Answers (1)
Suppose recent changes to immigration laws have decreased decreases the supply of immigrant labor, increasing increasing wages in manual labor occupations. how might this affect the market for construction
Answers (1)
Firm P, a noncorporate taxpayer, purchased residential realty in 1985 for $1 million. This year it sold the realty for $450,000. Through date of sale, Firm P deducted $814,000 accelerated depreciation on the realty.
Answers (1)
Home » Business » As a percent of take-home pay, monthly consumer credit payments should not exceed
Sign Up Forgot Password?