Marty just graduated from college. She accepted a position with a firm at an annual salary of $35,000. Using HUD guidelines, what is the maximum Marty should pay for rent on a monthly basis?

Question

Quizplus · Accepted Answer

HUD (Housing and Urban Development) guidelines suggest that housing should not exceed 30% of a person's income. Marty's annual salary is $35,000, so 30% of this is $10,500 per year. Dividing $10,500 by 12 months gives $875 per month.

Marty Just Graduated from College