Study the following information and then answer the questions that follow $1,250 per week $1,100 per month $3,000 per year Income from wages: Rental income: Income from investments: $58 per month National Insurance contributions: Group Medical Insurance premium: Contribution to private pension fund $129 per month $60 per month. Calculate: (i) the gross monthly income (ii) the disposable income per month (iii) the monthly savings if expenditure is $3,200 per month.
Study the following information and then answer the questions that follow $1,250 per week $1,100 per month $3,000 per year Income from wages: Rental income: Income from investments: $58 per month National Insurance contributions: Group Medical Insurance premium: Contribution to private pension fund $129 per month $60 per month. Calculate: (i) the gross monthly income (ii) the disposable income per month (iii) the monthly savings if expenditure is $3,200 per month.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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