Question: solve Finding Maximum Monthly Rent based on Salary A. Finding Maximum monthly rent for the gross (before taxes) monthly income EX: $1000 x 28% =

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Finding Maximum Monthly Rent based on Salary A. Finding Maximum monthly rent for the gross (before taxes) monthly income EX: $1000 x 28% = 5280 maximum rent B. Finding gross monthly pay and maximum monthly rent "e, If paid by the hour: hourly wage x # of hours worked weekly x weeks in year = gross pay yearly divided by 12 months = gross monthly wage x 28% = maximum rent EX: $6.00 x 40hours = $240 x $2 weeks = $12,480/12 = $1040 x 28% = $291.20 If paid by week: $240 x 52 weeks = 12,480/12 = $1040 x 28% = $291.20 If paid by the month: $1040 x 28% = $291.20 If paid by the year: $12,480/12 = $1040 x 28% = $291.20 This uses 40 hours per weck $18 hourly $12.50 hourly $9 hourly $5.65 hourly $950 weekly $290 weekly $600 weekly $1200 weekly $1500 monthly $1200 monthly $2900 monthly $5500 monthly $28,000 yearly $54,250 yearly $48,500 yearly $120,500 yearly

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