?John owed $750 every month for rent. If he decided that he should not pay more than 25% of his take-home wage on rent, can he keep his promise. Complete the table below:
?
Gross Annual Wages Take-Home Wages Monthly Take-Home WagesPercent of Monthly
Take-Home Wages
Going For Rent
$38,000 $33,000 ?
A. ?No, since his monthly take-home wages are $2,750 and 25% of this amount is $687.5.
B. ?Yes, since his monthly take-home wages are $2,750 and 25% of this amount is $687.5.
C. ?No, since his monthly take-home wages are $2,750 and 25% of this amount is $787.5.
D. ?Yes, since his monthly take-home wages are $3,166.67 and 25% of this amount is $791.67.
E. ?No, since his monthly take-home wages are $3,166.67 and 25% of this amount is $791.67.
Answer: A
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