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24 May, 07:05

Alexandra's gross annual salary is $38,556. What is the maximum amount of rent she can afford to pay? Round your answer to the nearest dollar.

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  1. 24 May, 07:14
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    Alexandra's gross annual salary is $38,556. The maximum amount of rent she can afford to pay can be determined by first solving for her monthly gross salary.

    Monthly Salary = ($38,556 / 12 months) = $3,213

    Assuming that the amount allocated for her rent is 30% of her monthly salary, the maximum amount of rent that she can afford to pay is:

    Max allowable rent = $3,213 * 0.30 = $963.90
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