monthly gross income × 0.30 = estimate of monthly housing costs\nhow should juan and gloria calculate their…

monthly gross income × 0.30 = estimate of monthly housing costs\nhow should juan and gloria calculate their monthly gross income? is it:\na) divide their annual net income of $42,000 by 26 paychecks\nb) divide their annual gross income of $48,000 by 12 months\nc) multiply their annual gross income of $48,000 by 30%

monthly gross income × 0.30 = estimate of monthly housing costs\nhow should juan and gloria calculate their monthly gross income? is it:\na) divide their annual net income of $42,000 by 26 paychecks\nb) divide their annual gross income of $48,000 by 12 months\nc) multiply their annual gross income of $48,000 by 30%

Answer

Explanation:

Step1: Understand monthly - gross - income calculation

Monthly gross income is calculated by dividing annual gross income by the number of months in a year.

Step2: Analyze each option

Option A uses net income and divides by 26 paychecks which is incorrect. Option C multiplies annual gross income by 30% which is for estimating housing costs not calculating monthly gross income. Option B divides annual gross income of $48,000 by 12 months which is the correct way to calculate monthly gross income.

Answer:

B. Divide their annual gross income of $48,000 by 12 months