Question

Thomas got a demotion at work and now he only makes $60,000 a year. He has to find a new

apartment to rent. What is the maximum amount that would be safe for him to budget each month
for his new apartment?
a. $18,000
b. $12,000
c. $1,000
d. $1,500

Answer 1

D. 1,500

Explanation:

It would be this because if you look at possible answers A, B they are over the 60,000 a year salary. However, they are wanting the maximum possible rent amount and 1,500 a month times 12= $18,000 which is under the 60,000 a year salary and he is able to afford it.