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What is the savings ratio

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Reference no: EM132993137

Problem 1: George's monthly gross income is $5800 and his monthly after-tax income is $5000. He saves approximately $300 a month. What is his savings ratio?

Option 1: 6.00%
Option 2: 5.17%
Option 3: 26.31%
Option 4: 13.23%

Reference no: EM132993137

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