Paula budgets 23% of her annual income for housing. If she budgets

Question

$410 per month for housing, what is her annual income?

Answer 1

First, calculate the total amount Paula spends on housing annually:
$410/month x 12 months = $4,920/year

Next, determine what percentage of her annual income this amount represents:
$4,920 / 23% = $21,391.30

So, Paula's annual income is approximately $21,391.30.