Answer:
Annual Salary of Gias = $ 46,392
We will use , [tex]\frac{28}{36}[/tex] rule here, which states that 28 % of monthly income should be used for housing finances, and 36 % of your family income should be used for debt purposes.
Since, monthly rent is housing finance.
28% of $ 46,392
[tex]=\frac{28}{100}\times 46392\\\\ =12989.76[/tex]
Monthly rent
[tex]=\frac{12989.76}{12}\\\\=1082.48[/tex]
Maximum monthly rent paid by Gias = $ 1082.48
Option A: 1082
