Answer with Explanation:
Annual Gross Salary of Laura = $ 44184
Monthly Salary of Laura
[tex]=\frac{44184}{12}\\\\=3682[/tex]
We will use [tex]\frac{28}{36}[/tex] rule here, which states that ,28% of monthly income should be used for housing expenses and 36% of gross income should be used for different debt purposes.
28% of $3682
[tex]=\frac{28}{100} * 3682\\\\=\frac{103096}{100}\\\\=1030.96[/tex]
Maximum amount of rent , that Laura can afford to pay, having gross salary of $ 44184 = $ 1030.96
