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Calculate pat and marie housing ratio

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Reference no: EM133106032

Question - Pat and Marie have the following expenses and account balances: Pat's annual 401(k) plan contribution $16,500 Pat s annual salary $100,000 Current liabilities $24,000 Housing costs (P; I; T; I) monthly $2,167 Cash & Cash equivalents $18,000 Monthly nondiscretionary cash flows $6,000 Monthly debt payments other than housing $500* Pat's employer matches $1 for $1 up to 3% of Pat's salary in his 401(k) plan. Based on the information above, calculate Pat and Marie's housing ratio 1 in numbers.

Reference no: EM133106032

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