If the Potinsky household spends $27,600 annually on all living expenses and long-term debt, calculate the amount recommend for an emergency fund.  How might household circumstances, e.g., wage earners in the household, available credit, and type and stability of employment, affect this decision? The emergency fund amount would range from $? to $?.  Round to the nearest dollar and enter the range from lowest to highest.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 4DQ
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If the Potinsky household spends $27,600 annually on all living expenses and long-term debt, calculate the amount recommend for an emergency fund.  How might household circumstances, e.g., wage earners in the household, available credit, and type and stability of employment, affect this decision?

The emergency fund amount would range from $? to $?.  Round to the nearest dollar and enter the range from lowest to highest.

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