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Robert has a gross monthly income of $3690. According to Housing Recommendation #1, how much can he devote to monthly housing expenses?
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Robert has a gross monthly income of $3690. According to Housing Recommendation #1, how much can he devote to monthly housing expenses?

User Vishal Khakhkhar
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1 Answer

5 votes
Monthly gross= $3,690.
12 months in a year, multiply $3,690 x 12= $44,280 grossed in a year.
Housing recommendation is 30% of yearly gross income.
Multiply 30% x $44,280 = $13,284. Then divide by 12, $13,284 divided by 12= $1,107.
User Iamhuy
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