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Q: Kayla budgeted 15 percent of her income for rent She earns 2000 per month What is the most money she can spend on an apartment?
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Kayla budgeted 15 of her income for rent She earns 2000 per month What is the most money she can spend on an apartment?

300


Kayla budgeted 15 percent of her income for rent If she earns 1200.00 per month can she afford an apartment for 300 a month?

No. 15% of 1200 is only 180. The available amount will actually be even less, because a stated income of 1200 is usually pre-tax, so the take home pay will generally be less. Even if the 1200 is post-tax, there is still not enough in her budget to rent an apartment for 300.


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