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You have just graduated from ACME State College with a degree in Diesel Technology. Your new job takes you to Toledo, Ohio, with a salary

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You have just graduated from ACME State College with a degree in Diesel Technology. Your new job takes you to Toledo, Ohio, with a salary of $35,000 per year. Your net take home pay is 70% of your gross income. You are anxious to purchase a home and have the following monthly expenses: Food $275 Utilities $145 $75 $30 $130 Cell phone Medical Expenses Insurance (auto, health, and life) Clothing Student loan payment Credit card debt payment Car payment Miscellaneous $70 $145 $113 $211 $100 What is your available income for a monthly mortgage payment (which will include principal, interest, taxes, and insurance)? Hint: This will be net income less budgeted monthly expenses. O $747.67 $1,622.67 O $2.041.67 O $2.916.67

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