Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year, what is the maximum amount per month that she should spend on rent?

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Business

Karli

4 July, 23:35

Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year, what is the maximum amount per month that she should spend on rent?

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Answers (2)

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Jazlyn Lopez · Answer 1

The answer is

a. 678-Apex

Isiah Dickson · Answer 2

If Alicia pay per year is $35,256 and there are twelve months in a year, then her monthly salary is $35,256/12 = 2,938.

This means that Alicia earns $2, 938 each month.

Conventionally, there are four weeks in a month, thus, Alicia earns $2,938/4 = 734.50. This means that, Alicia earns $734. 50 each week and this is the amount that Alicia is expected to spend on rent on a monthly basis.