Tom is 45 and pays $2042 on his mortgage each month while his total take-home pay is $5950 per month. The national average, for those aged 35 – 64, on housing costs is 35% of income. Compute the per

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Tom is 45 and pays $2042 on his mortgage each month while his total take-home pay is $5950 per month. The national average, for those aged 35 – 64, on housing costs is 35% of income. Compute the percent of Tom’s income that he spends on housing.

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