Final answer:
To find Joey's monthly income, divide his monthly rent by the percentage it represents of his income. Joey's monthly income is approximately $2,319.23.
Step-by-step explanation:
To find Joey's monthly income, we need to divide his monthly rent by the percentage that it represents of his income.
Let's assume Joey's monthly income is x. According to the problem, his rent is 26% of his monthly income. So, we can write the equation: 0.26x = $601.
To solve for x, we divide both sides of the equation by 0.26: x = $601 / 0.26.
Using a calculator, we find that Joey's monthly income is approximately $2,319.23.