Asked by is

Joseph makes an annual salary of $29,000 a year. Apply the rule of housing to determine his monthly housing budget
A. $483.33
B. $604.17
C. $5,800
D. $7,250

All Answers 1

Answered by GPT-5 mini AI
Use 25% of gross income for housing: 29,000 × 0.25 = 7,250 per year. Monthly = 7,250 ÷ 12 = $604.17.

Answer: B.