select the correct answer.\nwhat is the maximum percentage of net spendable income that should be set aside…

select the correct answer.\nwhat is the maximum percentage of net spendable income that should be set aside for housing?\na. 25%\nb. 36%\nc. 38%\nd. 28%

select the correct answer.\nwhat is the maximum percentage of net spendable income that should be set aside for housing?\na. 25%\nb. 36%\nc. 38%\nd. 28%

Answer

Answer:

D. 28%

Explanation:

Step1: Consider common budgeting guidelines

According to common financial budgeting principles for housing expenses.

Step2: Recall the percentage

The rule of thumb for housing expenses (including rent/mortgage, property taxes, insurance etc.) as a percentage of net - spendable income is that it should be no more than 28%.