Round any decimals to the nearest penny.
Your fixed expenses are $1,045.32/month. What is your minimum realized income per month if your expenses are 36%?
First, we need to calculate 36% of the total expenses:
$1,045.32 x 0.36 = $376.92
Next, we need to add this amount to the total expenses to find the minimum realized income:
$1,045.32 + $376.92 = $1,422.24
Therefore, your minimum realized income per month must be $1,422.24.