Maddie has a gross monthly income of $2200. she has 35% of her paycheck withheld as deductions.

she pays $400 for rent. what percent of her net monthly pay goes to rent?

The percent of net income Maddie gives as rent = 29.97%

Step-by-step explanation:

Given:

Gross monthly income for Maddie = $2200

Percentage of her paycheck withheld = 35%

Amount paid for rent = $400

To find the percent of her net monthly pay that goes to rent.

Solution:

Amount of paycheck withheld as deductions :

⇒ 35% of the gross income

⇒ 35% of $2200

⇒

⇒ $ 770

Net income = Gross income - deductions = = $1430

Percentage of net income given as rent is given as :

⇒

⇒

⇒ 27.97%   (Answer)

351°f

step-by-step explanation: