Question

You have a mortgage payment of $1,248.90/month. Using proportions, what is the minimum you must have in realized income per month to keep your housing expense in the acceptable range?

Answer 1

minimum is 25% for housing

1248.90 / 0.25 = $4995.60 per month

Answer 2

Answer: The correct answer would be $4,460.36

Step-by-step explanation: I know because I just took it on a test :)