Aria makes \$41.50 per hour. They work 40 hours per week. They pay \( 27 \% \) of their gross earnings in federal and state taxes while saving \( 7 \% \) of their monthly gross income. Aria is considering renting an apartment that will cost \( \$ 1,800 \) per month.
Is this monthly rental fee within the recommended 25-30\% housing expense range?
No. Aria will have \( \$ 5,885 \) after taxes and savings per month. The monthly rent payment is more than \( 30 \% \).
No. Aria will have \( \$ 4,748 \) after taxes and savings per month. The monthly rent payment is more than \( 30 \% \).
No. Aria will have \( \$ 5,199 \) after taxes and savings per month. The monthly rent payment is more than \( 30 \% \).
Yes. Aria will have \( \$ 6,001 \) after taxes and savings per month. The monthly rent payment is less than \( 30 \% \).
