Answer:
Answers given below.Step-by-step explanation:
Note: Here some amounts are given as weekly and some as yearly. We can't add all amounts directly. For monthly payment we have to convert all the respective amounts into monthly payment first then only we can add.
i)Gross monthly salary before deductions = $33500
ii) Total monthly income = $33500/12 = $2791.67
iii) Monthly debt payment = car payment + rent + Telivision cable/satellite + internet + cell phones + car insurance + gas + groceries + entertainment + clothing + life insurance + student loan payment
=375+715+0+50+150+(1675/12)+300+150*4+25*4+250+100+500= $3279.583
Annual Gross debt = $3279.583*12 = $39355
Gross debt service multiple by 0.32 = 39355*0.32 = $12593.6
iv) Total monthly expenses are same as total monthly debt payment = $3279.583
v) Gross salary income before taxes = Gross monthly salary before deductions = $33500