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Stan and Julie Wallace have been married for over two years. They have been trying to save for a down payment on a house,

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Stan and Julie Wallace have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there is never anything left over to save. They talked with their parents who suggested that they prepare an income and expense statement. Stan and Julie put together the following worksheet. Worksheet Car payment $410 Savings account interest $28 Stan's commission. 3,375 School loan 113 Commuter train pass (year) 2,256 Taxes Proctor & Gamble dividend 116 Stan 4,050 Renter's Insurance (year) 225 Julie 3,848 Rocky Mountain Power bill. 75 Wages & salaries AT&T bill 71 Stan 22,500 Rent 375 Julie 21,375

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