If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments?
A) $200
B) $300
C) $400
D) $500
E) $600

Name: If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? A) $200 B) $300 C) $400 D) $500 E) $600
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Financial experts typically recommend that no more than 20% of your net income should go towards credit payments. 20% of $1,500 is $300.

If Your Monthly Net (After-Tax) Income Is $1,500, What Should