Just trying to see if I am missing something. Wouldn’t it make more sense to calculate based on the NET, the money you actually see vs the gross which is irrelevant in real life?
In my case, I make $6500 GROSS a month, or $78000 a year. My net income is $4000 though after taxes, 401k, health. Using that equation, I can afford $1820 if I use the gross amount or $1120 using the net amount. It’s a huge difference.
Submitted October 20, 2018 at 06:27PM by EPIC_FAIL_73 https://ift.tt/2yOTa81
