Gretchen’s gross annual salary is $57,852. What is the maximum amount of rent s

User Generated

zryuntf123

Mathematics

Description

Gretchen’s gross annual salary is $57,852.


What is the maximum amount of rent she can afford to pay

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Explanation & Answer

Annual salary $57,852

Monthly salary = $57,852/12=$4,821

Maximum rent allowable against salary should not exceed 25% of the  monthly salary which is

$4,821*0.25  =$1,205.25 (maximum rent)


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