Final answer:
Sarah can spend a maximum of $713.32 on monthly rent, which is 24% of her annual salary divided by 12 months.
The correct option is C. ($713.32)
Step-by-step explanation:
To determine the maximum amount Sarah may spend on monthly rent based on her annual salary and budget percentage, we first calculate 24% of her annual salary:
- Calculate the annual budget for housing: $35,666 (annual salary) × 24% (budget for housing) = $8,559.84.
- Divide by 12 to get the monthly budget: $8,559.84 ÷ 12 months = $713.32.
Therefore, the most Sarah can spend on monthly rent is $713.32. This is the option closest to the correct calculation based on the information provided.
The correct option is C. ($713.32)