Real Estate Math

A Kansas tenant's gross income is $5,000/month. Under a 30% housing cost guideline, the maximum affordable monthly rent is:

A$1,200

B$1,500✓ Correct

C$1,700

D$2,000

Explanation

$5,000 × 0.30 = $1,500 maximum affordable monthly rent. To solve this, multiply the relevant values: $5,000 at 30%.. The correct answer is $1,500.. This is a common calculation on the Kansas real estate exam.

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