1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
12345 [234]
3 years ago
10

. I budget 28% for housing and my take-home pay is $3200, what is the highest amount that I should pay for rent?

Business
1 answer:
OlgaM077 [116]3 years ago
3 0

Answer: The highest rent I should pay for rent is $896.

In order to answer this question, we need to assume that rent is the only expense I will incur for housing.

Given this assumption, the maximum we need to spend on housing will be 28% of our take home pay.

So, maximum rent will be:

0.28*3200 = 896

You might be interested in
Brace Finstein annual salary as an accounting clerk is $32,500. What is his weekly salary?
slavikrds [6]
Since there are 52 weeks in a year, and you take his annual salary of $32,500 and divide it by 52, you get a weekly salary of $625.
3 0
3 years ago
Read 2 more answers
Free enterprise is based solely on what as the means of production?
faltersainse [42]
<span>Free enterprise is based solely on private ownership as the means of production. This type of system gives power to its citizens by restricting the government when it comes to ownership and regulating business. Citizens are allowed to freely own and operate a business, make a profit and compete against other businesses.</span>
3 0
3 years ago
Susan purchases and places in service property costing $1,050,000 in 2019. She wants to elect the maximum Sec. 179 deduction all
9966 [12]

Answer:

d) Sec.  179 deduction $900,000

Carryover  $150,000

Explanation:

The amount of Susan allowable Sec. 179 deduction is $1,050,000 (cost of asset) but it is limited to her business income ($900,000)

Hence,

          Sec. 179 deduction $900,000

                          Carryover  $150,000

4 0
4 years ago
According to the law of demand, as prices decrease, demand decreases. increases. stays the same. disappears.
MAXImum [283]

I believe the answer is the demand would increase.

It is i just took the test and made a 100

7 0
3 years ago
Read 2 more answers
Which financial tool is most important when planning for your future financial goals?
hjlf
Correct answer is B!
6 0
4 years ago
Other questions:
  • The main difference between secured and unsecured loans is that the secured loan ____.
    10·2 answers
  • The elements required to begin the ____ process are a planning methodology; a policy environment to enable the planning process;
    5·1 answer
  • The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as
    8·1 answer
  • Which of the following is a significant decline in general economic activity over an extended period that includes declining rea
    5·2 answers
  • A special tax was levied by Downtown City to retire and pay interest on general obligation bonds that were issued to finance the
    14·1 answer
  • A regulatory agency that protects workers is
    7·1 answer
  • Listed below are the three functions of the management of an organization. 1. Planning 2. Directing 3. Controlling Identify whic
    5·1 answer
  • Meena Distributors has an annual demand for an airport metal detector of 1 comma 360 units. The cost of a typical detector to Me
    15·1 answer
  • Which one of these people does not attend the closing?
    13·1 answer
  • Select the correct definition of inflation.a specific increase in the price of a good or service attributable to changes in supp
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!