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28 July, 16:43

Inez heard that as a general rule, she should spend no more than 30% of her take-home pay on rent. If Inez's take-home pay is $46,800 per year, what is the maximum amount per month that she should spend on rent?

A. 3900

B. 1404

C. 2730

D. 1170

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  1. 28 July, 19:16
    0
    D. 1170

    Step-by-step explanation:

    To find how much Inez can pay on rent per month, we first need to find what 30% of her pay take-home pay is.

    Pay = $46,800

    Total allowed = 46,800 x 0.30

    Total allowed = $14,040

    Now since we know that there are 12 months in a year, we need to divide the Total allowed by 12 to find how much Inez can pay in rent per month.

    14,040 / 12 = $1,170

    So Inez can pay $1,170 per month.
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