Business

Business

1.

For this project, each student will have an individual simulated annual income – annual gross income will equal the student’s current WeBWorK percentage multiplied by $58,000.

Calculate and state your (simulated) annual income.

2.    MONTHLY PAYMENT

Several factors influence how much an individual can afford to pay each month toward a home loan.

a)  Find and state your monthly income by dividing your annual income by 12.

It is recommended that your housing payment never exceed 33% of your gross monthly income.

b)  Find and state 33% of your monthly income.

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