Question

You make $42,500.00 and your spouse makes $37,750. Using the 20% to 25% range, calculate the least and the greatest amount you should spend on housing.

Answer 1

This is a pretty simple one. To get the range take 20% and 25% of their total income:\[Greatest = (0.25)($42,500 + $37,750)=?\]\[Least = (0.20)($42,500 + $37,750)=?\]