Question

HHHEEELLLPPP PLEASE

Answer 1

Part 1
Rule of thumb for month rent: Rent ≤ 28% of monthly gross income

Then,
Month gross income = $62,112/12 = $5,176
Affordable rent = 0.28*5176 = $1,449.28
Rounding to nearest dollar;
Affordable rent = $1,449.
The correct answer is C.

Part 2
Monthly rent = $1240
Security deposit = 80% of rent = 0.8*1240 = $992
Amount to be paid = 1240*2 + 992 = $3472

The correct answer is B.