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Steve and Jane Ibarra have been married for over two years. They have been trying to save for a down payment on a house,
Steve and Jane Ibarra 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. Steve and Jane put together the following worksheet. Worksheet Car payment $315 Savings account interest $50 Steve's commission 2,813 School loan 165 Commuter train pass (year) 3,300 Taxes Nike dividend 210 Steve 3,375 Renter's Insurance (year) 330 Jane 3,206 Dallas Power & Light bill 110 Wages & salaries U.S. Cellular bill 105 Steve 18,750 Rent 550 Jane 17,813 The following is some additional information.
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