Question

Samantha's gross annual salary is $34,848.What is the recommended maximum monthly rent she should pay?A) $798B) $813C) $1020D) $1452

Answer 1

Given:

Samantha's gross annual salary is $34,848.

Required:

We need to find the maximum monthly rent.

Step-by-step explanation:

Let 30 % be the maximum monthly rent.

`The\text{ }monthly\text{ salary =}\frac{Annual\text{ salary}}{12}`

`The\text{ }monthly\text{ salary =}(34848)/(12)=2904`
`Maximum\text{ m}onthly\text{ rent =30 \% of monthly salary.}`

`Maximum\text{ m}onthly\text{ rent =871.2}`

Samantha should not pay more than $871.2.

`We\text{ know that 798<813<871.2<1020<1452.}`

The recommended maximum monthly rent is $813.

Final answer:

The recommended maximum monthly rent is $813.