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Yearly Salary $35,130

Weekly Gross Salary ($35,130 / 52) $675.58


OASDI ($675.58 x .062) $41.88
Medicare ($675.58 x .0145) $9.80
FIT (Single-1 Allowances)
$73.08 x 1 = 73.08
33.40 + (15%*(568.63-490) = $45.19
SIT ($675.58 x .06) = $40.53
Weekly Net Pay = 675.58 41.88 9.80 = $623.90
My maximum monthly house payment is $623.90
My weekly take home pay is $623.90
My monthly take home pay is ($623.90 x 4) = $2,495.6. This is the amount I will use for my monthly budget
calculations.

3b. $89,900 x .2 = $17,980


$71,920/1000 x 7.91=$568.89

$89,900-$17,980=$71,920

3d.
Principle is $269.07 and interest is $299.67
Total interest paid will be $30,452.98
The portion to interest became less than the portion to
principle March 2016.

3e.
My down payment will be $17,980 and I plan to save money by
eating out less, saving money on gas by either carpooling or
taking public transportation, and finding a job on the
weekends.

6. 568.74x.25=142.19
71,920x.01=719.20/12=59.93

7. 71,920x.02=1438.4/12=119.87

10. 2495.6x.1=249.56

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