Let's solve the question step-by-step to find out what the most you should pay for rent each month based on the "Renter's Rule".
1. Calculate the weekly income:
- You work 40 hours per week and earn [tex]$14.00 per hour.
- Weekly income = Hourly wage × Hours per week
- Weekly income = $[/tex]14.00 × 40
- Weekly income = [tex]$560.00
2. Calculate the monthly income:
- There are approximately 4 weeks in a month.
- Monthly income = Weekly income × Weeks per month
- Monthly income = $[/tex]560.00 × 4
- Monthly income = [tex]$2240.00
3. Apply the "Renter's Rule":
- The Renter's Rule suggests that one should pay at most 30% of their monthly income on rent.
- Rent percentage = 30% = 0.30
- Maximum rent = Monthly income × Rent percentage
- Maximum rent = $[/tex]2240.00 × 0.30
- Maximum rent = [tex]$672.00
4. Determine the appropriate answer choice:
- The calculated maximum rent you should pay each month is $[/tex]672.00.
- Comparing this value to the provided answer choices:
- A) [tex]$400
- B) $[/tex]460
- C) [tex]$480
- D) $[/tex]500
- E) [tex]$560
- None of the provided options match $[/tex]672.00 exactly.
Therefore, the correct conclusion is that none of the specified options are correct based on the calculations. This means the correct answer to the question is not listed among the provided choices.
Thus, the answer is:
- None
