Question

match the monthly income to the maximum monthly rent using the 30% rule.
monthly rent: $1,200
monthly rent: $930
monthly rent: $660
monthly rent: $300
gross monthly income: $2,200
gross monthly income: $4,000
gross monthly income: $1,000
gross monthly income: $3,100

Explanation:

Step1: Apply 30% rule to $2,200

Calculate 30% of $2,200: $2200 \times 0.3 = 660$. So rent is $660.

Step2: Apply 30% rule to $4,000

Calculate 30% of $4,000: $4000 \times 0.3 = 1200$. So rent is $1,200.

Step3: Apply 30% rule to $1,000

Calculate 30% of $1,000: $1000 \times 0.3 = 300$. So rent is $300.

Step4: Apply 30% rule to $3,100

Calculate 30% of $3,100: $3100 \times 0.3 = 930$. So rent is $930.

Answer:

• gross monthly income $2,200$ → monthly rent $\$660$
• gross monthly income $\$4,000$ → monthly rent $\$1,200$
• gross monthly income $\$1,000$ → monthly rent $\$300$
• gross monthly income $\$3,100$ → monthly rent $\$930$