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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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otudy the following information and then answer the questions that follow.
$1,250 per week
month
Income from wages:
$1,100 per
$3,000 per year
$58 per month
$129 per month
$60 per month.
Rental income:
Income from investments:
National Insurance contributions:
Group Medical Insurance premium:
Contribution to private pension fund
Calculate:
(i)
the gross monthly income
(ii)
the disposable income per month
(iii)
the monthly savings if expenditure is $3,200 per month.
Transcribed Image Text:otudy the following information and then answer the questions that follow. $1,250 per week month Income from wages: $1,100 per $3,000 per year $58 per month $129 per month $60 per month. Rental income: Income from investments: National Insurance contributions: Group Medical Insurance premium: Contribution to private pension fund Calculate: (i) the gross monthly income (ii) the disposable income per month (iii) the monthly savings if expenditure is $3,200 per month.
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