SOLUTION: Your job pays you $1,600 per month. All taxes combined reduce your pay by 25%. Your current total expenses are $1,200. You want to join a health club for $75 per month. Can you aff

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Question 737012: Your job pays you $1,600 per month. All taxes combined reduce your pay by 25%. Your current total expenses are $1,200. You want to join a health club for $75 per month. Can you afford it?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200

So after you take 25% of 1600 away from 1600, you're left with 1200

So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.

Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over

So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.