Susan makes $20,504 annually. What is the maximum monthly rent that she can afford to pay?

Answer 1

A-$5,741
B-$478
C-$564
D-$427

Answer 2

My answer is $478

Answer 3

What percentage of her income is supposed to be for rent?

Answer 4

I really don't know because the question doesn't say that

Answer 5

What does your text recommend? I've heard various figures from 1/4 to 1/3 of a person's take-home pay should be the maximum for housing.