Use the information below to answer the questions.

You have just graduated from ACME State with a degree in Diesel Technology. Your new job takes you to Toledo, Ohio. You are now earning $35,000 per year. Your take home pay is 70% of that gross toal. You are anxious to purchase a home. You have the following monthly expenses

Food $275

Utilities $145

Phone $75

Medical $30

Insurance $130 (including auto, health and life)

Clothing $70

Student loan payment $145

VISA payment $65

MasterCard Payment $48

Car payment $211

Miscellaneous $100

First calculate your monthly take-home pay. Next, add up the budgeted monthly expenses shown above. How much remains for a monthly mortgage PITI payment (PITI = principal, interest, taxes, insurance)?

$747.67

$1,622,67

$2,041.67

$2,916.67