Components of Renting — Quiz Answers

Janiya's monthly income is $5,460 , and they budget 28% of their income for rent. Enter the appropriate values in the boxes to determine the maximum rent Janiya can afford.

Which statement best describes the concept of budgeting for rent?

Junior's monthly income is $3,654 His monthly expenses, excluding rent, are $1,500 Junior has budgeted 30% of his income for rent. Can Junior afford a monthly rent of $1,200 ?

Cade's monthly income is $3,859 After accounting for all his expenses, he has set aside 27% of his income for rent. He finds an apartment that costs $1,050 per month. Does this fit within his rent budget?

Ashleigh's monthly income is $⁢4,865 After accounting for all her expenses, she has set aside 30% of her income for rent. She finds an apartment that costs $1,400 per month. Does this fit within her rent budget?

Peretz earns $5,475 per month. He has monthly expenses of $2,134 excluding rent. He does not want his rent to exceed 25% of his monthly income. What is the max amount he is willing to spend on rent each month?

Zahara earns $2,745 per month. She has monthly expenses of $1,089 excluding rent. She does not want her rent to exceed 40% of her monthly income. What is the max amount she is willing to spend on rent each month?

Tobias earns $6,215 per month. He has monthly expenses of $2,475 excluding rent. He does not want his rent to exceed 20% of his monthly income. What is the max amount he is willing to spend on rent each month?

Armando's monthly income is $⁢5,489 After accounting for all his expenses, he has set aside 25% of his income for rent. He finds an apartment that costs $⁢1,850 per month. Does this fit within his rent budget?

Shiloh earns $4,823 per month. She has monthly expenses of $1,798 excluding rent. She does not want her rent to exceed 28% of her monthly income. What is the max amount she is willing to spend on rent each month?