I know a lot of apartments or places for rents require that the rent be no more than a third of your monthly income?
When they say this, do they mean your take home pay? Or your pay before taxes?
rent based of off 1/3 of monthly income?
2015-12-31 3:35 pm
回答 (7)
2015-12-31 4:46 pm
The 1/3 rule usually applies to your gross(before taxes) pay.
2016-01-02 7:41 am
It sounds as though they mean any source of income and the gross income of all of it...not after taxes and deductions...gross pay. There are people that have other sources of income and all of it has to be disclosed.
2015-12-31 10:14 pm
gross, they don't have any idea of what your net might be, it could be vastly different than the next person who applies
2015-12-31 6:24 pm
They mean gross income.
2015-12-31 4:07 pm
I usually figure it on 35% (seems they're suggesting 33 1/3%), and base it on the gross pay (the total amount of your check before deductions).
Before taxes is called gross pay.
After taxes and such are removed is called net pay.
Before taxes is called gross pay.
After taxes and such are removed is called net pay.
2015-12-31 4:32 pm
By the way, if you put 1/3 of your income towards your dwelling, you will be what is called "house poor", which means you won't have the resources to do much of anything else.
2015-12-31 3:53 pm
When you are in the the rented place
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