If Eric's debt repayments are $33,620, what is his total amount after taxes?

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To determine Eric's total amount after taxes based on his debt repayments of $33,620, it's essential to understand the typical financial context where debt repayments and post-tax income interact.

In many cases, total income after taxes can be assessed by considering that debt repayments represent a non-discretionary expense that is typically subtracted from the total income to give a clearer view of what remains for living expenses and other financial responsibilities. Therefore, if Eric's debt repayments amount to $33,620, and the question is about his remaining amount after factoring these debt obligations, one might infer that the correct total after taxes would logically encompass securing enough income to cover these debts while also allowing some surplus for other expenses.

Choosing $52,767 as the answer indicates an understanding of the typical financial structure where the total amount remaining after taxes likely includes allowances beyond just debt repayments, indicating he earns enough to cover debt and retain some additional funds. This aligns with typical financial practices, suggesting that his total income (or net amount after taxes) accommodates his repayment needs and provides room for other living expenses.

This option reflects knowledge of personal finance, particularly how to assess total after-tax amounts in relation to mandatory financial obligations like debt repayments.

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