Question

2. When computing how many hours you need to work at a second job to meet a savings goal, you should___. -calculate the realized income at your primary job -calculate your savings rate -calculate the amount needed and divide by the hourly rate at the second job -calculate the amount needed and divide by the realized hourly rate at the second job

Answer 1

calculate the amount needed and divide by the realized hourly rate at the second job

Answer 2

Welcome to Open Study, I hope you can find someone who can help.

Answer 3

thank you. i have two more i dont know. 3. Your realized income from your primary job is $3,076.45/month. Your fixed expenses are 36% of your realized income. How much must you save for an emergency fund of 6 months?

4. Your realized income from your primary job's realized income. You have a second job that pays $9.50/hr with deductions of FICA (7.65%), federal tax withholding (11.5%), and state tax withholding (7.75%). If you want to save enough in the next 10 months to have an emergency fund that will cover 5months using only 20% of your discretionary monies from your primary job, how many hours do you need to work at your second job to meet your monthly savings goal?

Answer 4

3) ($3,076.45 - (.36 * $3,076.45)) * 6

Answer 5

is it $11813.568?

Answer 6

Niceee! You aced it! :)

Answer 7

You should try the 4th yourself now ;)