Find detailed and accurate answers to your questions on IDNLearn.com. Ask your questions and receive detailed and reliable answers from our experienced and knowledgeable community members.
Sagot :
Answer:
- The monthly income is $3,750.00
- Maximum amount on rent $1,050
Explanation:
Monthly income will be the annual income divided by 12 months
= $45,000/ 12
=$3,750.00
The monthly income is $3,750.00
The maximum amount of rent should be guided by the 28/36 rule. Housing should not exceed 28 percent, while total household expenditure should not exceed 36 percent.
The rent should be a maximum of
=28/100 x $3,750.00
=0.28 x $3,750.00
=$1050
Maximum amount on rent $1,050
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.