Question

Amanda's gross annual salary is $62,112 what is the maximum amount of rent she can afford to pay

Answer 1

Answer: 1449.28

Explanation:

Step 1. Multiply by 28%

(28% to a decimal is 0.28)

62,112 x 0.28= 17391.36

Step 2. Divide by 12

17391.36/12= 1449.28

Answer 2

Answer is 1866 dollars