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Olenka [21]
2 years ago
7

Maxine earns $1250 dollars a month. whats is the maximum amount she should use for budget for housing?

Mathematics
1 answer:
jok3333 [9.3K]2 years ago
3 0

Answer:

The National Housing Act of 1937 established guidelines for maximum rents for low-income families.  Originally the maximum rent threshold was set at 20%, however this increased to 30% in 1981 (and has remained at this level ever since).  This figure is used to determine how much of your gross monthly income you should spend on rent.

The 28% Rule is used for determining how much of your gross monthly income should be used for a mortgage, however the FHA's threshold is a little higher at 31% of your gross monthly income on a mortgage.

Renting:

30% of $1,250 = 0.3 × 1250 = $375

Mortgage 28% Rule:

28% of $1,250 = 0.28 × 1250 = $350

Mortgage 31% FHA:

31% of $1,250 = 0.31 × 1250 = $387.50

Therefore, discounting the higher FHA's threshold, the maximum amount to budget for housing is:

  • $375 (if renting)
  • $350 (if buying)
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5 0
3 years ago
I really need help if anyone can help that would be great
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4 years ago
A car has an initial value of $20,000. The value then "depreciates" or decreases by 10% of its initial value each year. Which eq
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D) v = -2,000y + 20,000.

Step-by-step explanation:

The question gives a linear relationship between two quantities.  This means that the relationship between the initial value of the car and the amount it depreciates each year is proportional, or constant.  Since the value of the car decreases by 10% of its initial value each year, then each year the value will decrease by 10% of 20,000 or 0.10 x 20000 = $2,000.  Since we know the value is decreasing each year, this amount would be subtracted from the initial value of $20,000.  So, D) v = -2,000y + 20,000 would be the only equation that represents this scenario.  

8 0
3 years ago
Find the value of x (circles)
Marrrta [24]

Answer:

x = 55

Step-by-step explanation:

opposite angles are supplementary

125+x = 180

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6 0
3 years ago
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Help on number 6 i don't understand how to do it and i got corrections so i need help to do them.
Mademuasel [1]
The answer #6 is j. 100. He uses the treadmill for 40% so that means 60% of his exercise is not on the treadmill. 

40%= 40 mins 
60%= 60 mins
 total: 100%= 100 mins.
Hope this helps!
8 0
3 years ago
Read 2 more answers
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