Question

1. michael is looking for an apartment to rent in the city where his new job is located. after taxes are taken out of his monthly salary, michael figures out that he will take home about $3,400 per month. when michael calculates his expected expenditures in his new city, the total is $2,356. what is the maximum amount that michael can pay per month to rent his new apartment?

$1,044
$1,354
$944
$1,204

Explanation:

Step1: Identify income and expenses

Michael's monthly take - home pay (income) is $3,400, and his other monthly expenditures are $2,356. To find the maximum rent he can pay, we need to subtract his other expenditures from his income.
The formula for the maximum rent ($R$) is $R = \text{Income}-\text{Other Expenditures}$.

Step2: Calculate the rent

Substitute the values into the formula: $R=3400 - 2356$.
$3400-2356 = 1044$.

Answer:

\$1,044 (corresponding to the option \$1,044)