Question

1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford?

$414.75
$447.93
$464.52
$774.80
2. You should be able to spend a little over 1/4 of your gross monthly pay on rent.
True
False
3. If Michelle makes $3,780 in monthly gross pay, what is the maximum she can afford to pay for rent?
$1,058.40
$1,020.60
$907.20
$793.80

Answer 1

Hello there.

1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford?

$464.52

Answer 2

1. For an ideal living, you are only allowed to allot 28% of your salary for rent. So, you rent should just be
$1,659 (0.28) = $464.52
The answer is
THE THIRD OPTION

2. You should only allot at most 28% of your rent, so the answer is TRUE.

3. The same with number 1
$3,780 (0.28) = $1,058.40
The answer is
THE FIRST OPTION