Independent Living Review (23)

If a person makes about $1,900/month, what is the most they should spend on rent and utilities?

• $570

• $380

• $9500

• $6333

If someone's ANNUAL gross income is $45,000, then how much on average should they spend on living expenses MONTHLY?

• $1125

• $13500

• $1350

• $750

If the mortgage payment is $2,550 per month, what should the MONTHLY gross income be?

• $8500

• $12750

• $510

• $765

The terms for renting a 2 bedroom apartment are as follows: $1220 per month with a $600 security deposit. If Fernando signs a two-year lease agreement, how much total money will he have paid to rent the apartment when his lease expires, assuming he receives all of his security deposit back?

• $14640

• $15240

• $29280

• $29880

Kira has a one-year lease on an apartment that costs him $970 per month. She paid a $500 security deposit. The lease states that, if she leaves early, she must pay one additional month’s rent and lose her security deposit. How much total money will she have paid to rent the apartment if she leaves after 8 months?

• $8260

• $9230

• $12140

• $13110

Sam has a one-year lease on an apartment that costs him $1250 per month. He paid a $800 security deposit. The lease states that, if he leaves early, he must pay one additional month’s rent and lose his security deposit. How much total money will he have paid to rent the apartment if he leaves after 9 months?

• $13300

• $12050

• $15900

• $17150

Definition of a tenant:

• A person who rents a house/apartment.

• The person or people who own or manage the house/apartment.

• The act of legally forcing a renter to leave the property.

• A person you live with who pays part of the expenses.

What is the difference between a utility and an amenity in an apartment?

• Amenities are intended to make life easier and more pleasant/comfortable. Whereas, utilities provide basic necessities to live usually at a cost.

• Amenities are items you have to pay extra to have or use. Whereas, utilities are free.

• Amenities are only available if you rent or purchase a home not an apartment. Whereas, utilities are available only if you rent an apartment.

If a person makes about $3800/month, what is the most they should spend on rent and utilities?

• $1140

• $760

• $19000

• $12667