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Hagrid

The correct answer for this question is this one: "B. $478" Alice makes $20,504 annually. The maximum monthly rent that she can afford to pay is B. $478
There exists the same question from other source that has the following choices:
A. $5,741
B. $478
c. $564
D. $427

Answer:

Amount that Alice earns annually= $ 20, 504

We will use @@MATH_TOKEN_0@@ rule here, which states that , 28 % of your monthly income should be used for housing finances, including rent also, and 36 % of your monthly income should be used for debt purposes.

Amount earned by Alice monthly

@@MATH_TOKEN_1@@

28% of 1708.66

@@MATH_TOKEN_2@@

Maximum monthly rent that Alice can afford = $478(approx)

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