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Answered

  1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford?

$414.75

$447.93

$464.52

$774.80

  1. You should be able to spend a little over 1/4 of your gross monthly pay on rent.

True

False

  1. If Michelle makes $3,780 in monthly gross pay, what is the maximum she can afford to pay for rent?

$1,058.40

$1,020.60

$907.20

$793.80

Verified Answer :

MissPhiladelphia
  1. For an ideal living, you are only allowed to allot 28% of your salary for rent. So, you rent should just be
    $1,659 (0.28) = $464.52
    The answer is
    THE THIRD OPTION

    2. You should only allot at most 28% of your rent, so the answer is TRUE.

    3. The same with number 1
     $3,780 (0.28) = $1,058.40
    The answer is
    THE FIRST OPTION
SenpaiTrill

Hello there.

1. Ron makes $1,659 a month. What is the maximum monthly rent he can afford? 

$464.52