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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asked Aug 28, 2023 166k views

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Iamhuy · Answer 1 · 2023-09-04T04:00:15+0000

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.

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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