Answer:
Option B) $1329
Step-by-step explanation:
we know that
The maximum rent must be less than or equal to 28% of Gross Monthly Pay
step 1
Find out Isaac's Gross Monthly Pay
Divide Isaac's Gross Annual Pay by 12 (the number of months in a year)
[tex]\$56,953/12=\$4,746.08[/tex]
step 2
Find out the maximum monthly rent he can afford
[tex]28\%=28/100=0.28[/tex]
Multiply Isaac's Gross Monthly Pay by 0.28
[tex]\$4,746.08(0.28)=\$1,329[/tex]
