Question

Brianna's gross annual salary is $50,676. What is the recommended maximum monthly rent she should pay?

Answer 1

Answer with explanation:

Gross Annual Salary of Brianna's= $ 50,676

Monthly Salary of Brianna's

          $=\frac{50676}{12}\\\\=4223$$

We will use $\frac{28}{36}$ rule here,which states that, 28% of monthly income should be used for housing expenditures,and 36 % of monthly income should be used for paying Debt or Debt Purposes.

So, Maximum Monthly Rent that Brianna can pay

      = 28 % of 4223

  $=\frac{28}{100} \times 4223\\\\ =\frac{118244}{100}\\\\=1182.44$

=$ 1182 (Approx)

Option C: $ 1182