Byron’s income last year was $61,700. He made $48,000 at his plumbing job and had income from an apartment that he rented out. If Byron earned the same amount of rent each month for the entire year, approximately how much per month did he collect?
total income minus income from plumbing gives us income from rent. Divide that by 12 to give us the monthly income from rent.
61700-4800 = 13700
13700/12 = 1,141.67 a month in rent.