| Item | food & drinks | fuel | rent | building project | education | savings |
| Percentage% | 35 | 7.5 | 1.0 | 15 | 17.5 | x |
The table shows the monthly expenditure (in percentages) of Mr. Okafor's salary.
(a) Calculate the percentage of Mr. Okafor's salary that was put into savings.
(b) Illustrate the information on a pie chart.
(c) If Mr. Okafor's annual gross salary is $28,800.00 and he pays tax of 12%.
Calculate; (i) his monthly tax; (ii) the amount saved each month.
Explanation
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chukwuemeke2003
2 years ago
your calculation for monthly net salary is wrong:since income tax=$3,456.00 and monthly tax=$288.00.Monthly net salary ought to be calculated as 1/12(3456-288)$=1/12(3168)$=$264.00 and Amount Saved Each Month=15/100 *$264=$3,960.00/100=$39.60
