Hud suggests that you should spend no more than 30% of your pretax income on rent.
Pretax earnings are the money that remains for a business after all operating costs, such as interest and depreciation, have been reduced from total sales or revenues, but before taxes have been taken out.
Gross Revenue minus Operating, Depreciation, and Interest Expenses plus Interest Income equals Pretax Income.
Gross revenue: The sum of all revenues produced by the company.
Deductions for depreciation, amortization, and interest costs are included in operating expenses.
Intensely focused on its historical setting, the rock opera "Rent" implored viewers to turn away from the lengthy shadows being cast by specters over America in the mid-1990s. The song "No day but today" from the show encouraged viewers to embrace life and live it to the fullest.
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