1. Rental Math

2. *Housing to Income Ratio is 28% of monthly GROSS income
• Finding Maximum monthly rent for the gross (before taxes) monthly income
EX: $1000 x 28% = $280 maximum rent

3. • If paid by the hour: hourly wage x # of hours worked weekly x weeks in year = gross pay yearly / 12
months = gross monthly wage x 28% = maximum rent
EX: $6.00 x 40hours = $240 x 52 weeks = $12,480/12 = $1040 x 28% = $291.20

4. If paid by week: $240 x 52 weeks = $12,480/12 = $1040 x 28% = $291.20
• If paid by the month: $1040 x 28% = $291.20
• If paid by the year: $12,480/12 = $1040 x 28% = $291.20

5. 1. $20 hourly
2. $16.50 hourly
3. $8 hourly
4. $6.65 hourly
5. $450 weekly
6. $190 weekly
7. $700 weekly
8. $1000 weekly
9. $1000 monthly
10. $1200 monthly
11. $2600 monthly
12. $4500 monthly
13. $18,000 yearly
14. $44,250 yearly
15. $68,500 yearly
16. $110,500 yearly

6. 1. $20 hourly = $970.67
2. $16.50 hourly = $800.80
3. $8 hourly = $388.27
4. $6.65 hourly = $322.75
5. $450 weekly = $546
6. $190 weekly = $230.53
7. $700 weekly = $849.33
8. $1000 weekly = $
9. $1000 monthly = $280
10. $1200 monthly = $336
11. $2600 monthly = $728
12. $4500 monthly = $1260
13. $18,000 yearly = $420
14. $44,250 yearly = $
15. $68,500 yearly = $
16. $110,500 yearly = $