Question

Kathleen’s gross annual salary is 56,820. What is the maximum amount of rent she can afford to pay

Answer 1

any details do you know again ?

Answer 2

$1146


$1326


$1656


$2368

as a rule of thumb, max rent is at most 30% of gross monthly pay

divide 56820 by 12 to get the monthly income, then take 30% of that result

https://www.lendkey.com/blog/personal-finance/how-much-of-your-income-should-you-spend-on-housing/#:~:text=Rule%20of%20thumb%3A%20Spend%20a,x%200.3%2C%20or%20about%20%241%2C200.