PreCalc Finance Project

House in Overland Park

Brent the construction worker's income

Brent earns an annual salary of $60,000. Since 30% goes to taxes and he has a $450 a month car payment, that leaves him with a $42,000 salary. Dividing this into 12 months, this leaves Brent with $3,500 monthly. Subtract the $450 car payment, he has a max amount of $3,050 max amount he can spend on a house monthly.

Note: For the following calculations, the cost of food, insurance, clothing, and other necessities are not considered.

Works Cited

Project By: Lauren Wolfe Hour 2 Stein