You just got a new job with the Biden Administration as a House Clerk working full time (40 hours a week) with a salary of $21.50 per hour. You are required to pay 18% tax. You have a credit card with a balance of $17,000
in which you are required to make a monthly payment of $495. Below are your monthly expenses showing
the variables and their respective percentages of your net income to take care of those bills.
Housing (25%)
Utilities (79)
Food (18%)
Essential (5%)
Medical (8%)
Clothing (5.5%)
Transportation (1696)
Savings (6%)
Fun (3%)
Based on the cost of paying for the listed variables:
1. can you afford the credit card's monthly payment? You have to show the math work.
2. What step will you take to make sure you are able to make the credit card monthly payment (Show the
math for your step of action, action step with no supporting math will be penalized.)