You are starting a brand new job with an annual salary of $42,000. One fifth (20%) will go toward taxes (state, local, federal, and Social Security). Following the 90-10 rule, what is the most you should budget for spending on monthly living expenses? (Round your answer to 2 decimal places.)

You are starting a brand new job with an annual salary of $42,000. One fifth (20%) will go toward taxes (state, local, federal, and Social Security). Following the 90-10 rule, what is the most you should budget for spending on monthly living expenses? (Round your answer to 2 decimal places.)