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What is the MAXIMUM amount you should be spending on housing in a situation where your GROSS INCOME is $2000 per month? 1. For rent and all expenses related to my rental place, I shouldn't spend over $500 per month. 2.For rent and all expenses related to my rental place, I shouldn't spend over $660 per month. 3. For rent and all expenses related to my rental place, I shouldn't spend over $1000 per month.

Respuesta :

The maximum amount we should be spending on housing in a situation where our gross income is $2000 is $500

What is the 30% rule?

The 30 percent rule states that we should only spend a maximum of roughly 30% of our total income on rent.

Therefore, we have to find 30% of $2000.

$2000×30/100=$600

  • From the given options, $500 is the only option whose value is lesser than $600.
  • The options are $660 and $1000, which is greater than $600.

Therefore, the maximum amount we should be spending on housing in a situation where our gross income is $2000 is $500. The correct answer is option 1.

Learn more about the 30 percent rule here-https://brainly.com/question/11352205

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