sha18014 sha18014
  • 03-10-2017
  • Mathematics
contestada

What is the maximum percentage of net spendable income that should be set aside for housing?

Respuesta :

CoolBurnz CoolBurnz
  • 09-10-2017

The maximum percentage of net spendable income that you should spend on a house is 36%.
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Аноним Аноним
  • 25-04-2019

Answer:

The maximum percentage of net Spendable income that should be set aside for housing is given by  [tex]\frac{28}{36}[/tex] rule,which states that ,if your total gross income after deduction is $ x, then you should use 28% of your income for housing finances and 36 % of your income for debt Purpose.

So, Maximum percentage of net spendable income that should be set aside for housing=28% of total gross income

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