Answer with explanation:
We will use [tex]\frac{28}{36}[/tex], rule here,which states that , 28% of your gross income should be used for housing finances and 36% of your income , should be used for debt purposes.
Total monthly income of Brenda = $ 1700
→28% of 1700
[tex]=\frac{28}{100}\times 1700\\\\=28 \times 17\\\\=476[/tex]
⇒Total Housing finances, which includes , housing, food and transportation = $ 476
→Option C:
She has allotted more than 36% of her income for housing.
