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02-11-2018
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. I budget 28% for housing and my take-home pay is $3200, what is the highest amount that I should pay for rent?

Respuesta :

Rupicapra Rupicapra

12-11-2018

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:

[tex]0.28*3200 = 896[/tex]

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