Milena has a gross biweekly income of $2,200. She pays 18% in
federal and state taxes, puts aside 10% of her income to pay off her
school loan, and puts 5% of her income aside for savings. She is considering
an apartment that rents for $1,200 per month.
a. Is this monthly rental fee within the recommended 25%-30%
housing expense range?
b . Based on her expenses, can she make the monthly payments?