If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? A. $200 B. $300 C. $400 D. $500

Question

Franco

Mathematics

16 July, 22:28

If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? A. $200 B. $300 C. $400 D. $500

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Wrigley · Answer 1

There are rules for personal finance, and one of them may tell you a recommended limit to credit card payments when your net monthly income is a certain amount. As such, this is not really a math question, but one in personal finance / economics. Reread the original question and the instructional material that preceeds it and look for "max payments" guidelines.