Question

Alexandra's gross annual salary is $38,556. What is the maximum amount of rent she can afford to pay? Round your answer to the nearest dollar.

Answer 1

Alexandra's gross annual salary is $38,556. The maximum amount of rent she can afford to pay can be determined by first solving for her monthly gross salary. 

Monthly Salary = ($38,556/ 12 months) = $3,213

Assuming that the amount allocated for her rent is 30% of her monthly salary, the maximum amount of rent that she can afford to pay is:

Max allowable rent = $3,213 * 0.30 = $963.90<span />

Answer 2

Answer:

900.00

Step-by-step explanation:

38,556 divided by 12= 3,213

3,213 x 0.28=899.64 rounded to $900.00