Question

What is the MAXIMUM amount you should be spending on housing in a situation where your GROSS INCOME is $2000 per month? For rent and all expenses related to my rental place, I shouldn't spend over $500 per month. For rent and all expenses related to my rental place, I shouldn't spend over $660 per month. For rent and all expenses related to my rental place, I shouldn't spend over $1000 per month.

Answer 1

Answer:

Generally it shouldn't exceed 33% of your gross income so 660$

Step-by-step explanation:

Answer 2

For rent and all expenses related to my rental place, I shouldn't spend over $500 per month because it is under 30% of the gross salary.

What is the 30% rule?

The 30 percent rule, which states that you should spend roughly 30% of your total income on rent, is a popular guideline.

According to the 30% rule, not more than 30% you should spend on housing.

The gross income = $2000 per month

If $660 per month, it will be more than 30% also

$1000 per month, which is 50% of the gross salary.

Thus, for rent and all expenses related to my rental place, I shouldn't spend over $500 per month because it is under 30% of the gross salary.

Learn more about the 30% rule here:

https://brainly.com/question/15073998

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