SoullessBeauty23
contestada

Can someone please help me with this question.
Harper makes an annual salary of $60,000 a year. Apply the rule of housing to determine her monthly housing budget.

A.$1,000
B.$1,250
C.$2,000
D.$2,500​

Respuesta :

Splintr1322

Answer:

its B

Step-by-step explanation:

The rule of housing is your housing expenses should not surpass 25% of your total gross income. If her annual income is 60,000, then her monthly income is 5,000

60,000/12=5000

5000/4=1,250

Her monthly housing budget is $1,250, the correct option is B.

Given

Harper makes an annual salary of $60,000 a year.

Rule of housing;

The housing Ratio is calculated by dividing the monthly mortgage obligation by gross monthly income.

The monthly housing budget is;

[tex]\rm Monthly \ housing\ budget=\dfrac{Monthly \ income}{Total \ number \ of \ month \ in \ a \ year}\\\\Monthly \ housing\ budget=\dfrac{60000}{36}\\\\Monthly \ housing\ budget=1,250[/tex]\

Hence, her monthly housing budget is $1,250.

To know more about the housing budget click the link given below.

https://brainly.com/question/12709796

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