Answer:
A good rule is to spend no more than 25-30% of your gross income on housing.
Explanation:
The gross income is the salary a person receives before the taxes are deducted. It is said that no more than 25%-30% of the gross income should be spent on housing because this is an amount that will allow you to have enough income available to cover the rest of the expenses a person has. Over this level, it would be a high cost that will generate financial problems.
A good rule is to spend no more than 25-30% of your gross income on housing.
Gross income is your total income before taxes or other deductions are taken out.
The most common rule to determine how much can be spent on housing is that it should be less than 30% of your gross monthly income.
Find out more on gross income at: https://brainly.com/question/15530787
