If a place you like is renting for $800, and you had one other renter with whom you split the rent expense, how much does your GROSS INCOME need to be?
a.
$800
b.
$700
c.
$600
d.
$1,200
e.
$400

We calculate your monthly rent at 25% of your monthly net income (after monthly debt). This allows you to have enough cash left for other expenses and savings. Utilities are in general 2.5% of your monthly net income, and so in this case, you should expect to spend $0 or more per month on utilities.

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contehhassan28 contehhassan28 · Answer 2 · 2021-05-20T09:58:22+02:00

contehhassan28 contehhassan28

20-05-2021

Answer:

the correct answer is e.$400

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If a place you like is renting for $800, and you had one other renter with whom you split the rent expense, how much does your GROSS INCOME need to be? a. $800 b. $700 c. $600 d. $1,200 e. $400

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If a place you like is renting for $800, and you had one other renter with whom you split the rent expense, how much does your GROSS INCOME need to be?
a.
$800
b.
$700
c.
$600
d.
$1,200
e.
$400