Kyle's net annual salary is $88 673. His annual fixed costs of owning his truck are $18838.45. What percent of his net annual salary are his fixed truck costs? (round to nearest whole percentage)
To calculate the percentage of Kyle's net annual salary that is spent on fixed truck costs, we can use the following formula:
Percentage = (Fixed Costs / Net Salary) x 100
Percentage = ($18838.45 / $88,673) x 100
Percentage = 21.23%
Therefore, about 21% of Kyle's net annual salary is spent on fixed truck costs.