Answer:
A.$900
Step-by-step explanation:
To find how much Alexandra can afford to pay for monthly rent, we first need to find her monthly income.
Monthly Income = $38,556/12
Monthly Income = $3,213
Now since we have the 28/36 rule where a household should only spend a maximum amount of 28% of the gross monthly income we need to multiply the monthly income by 0.28.
Monthly Rent = $3,213 * 0.28
Monthly Rent = $899.64 or $900
