Given their salaries and money saved for a down payment, how much house can they afford using the traditional guideline? $119,850 C Player Incorrect, try again. Hint: Make sure to use gross income and the correct multiplier. O -U -F -G Given their salaries and money saved for a down payment, how much house can they afford using the traditional guideline? -CI -C -Er We Enter a response then click Submit below $ Submit Financial Summary Our assets: -Checking account: $4,297 -Savings account: $54,950 -Emergency fund savings account: $24,950 -IRA balance: $24,950 -Cars: $11,980 + $22,970 Our incomes: Jamie Lee: $69,900 gross income ( $52,425 net income after tax) -Ross: $49,950 gross income ($37,463 net income after tax) Our monthly expenses: -Utilities: $160 -Food: $325 -Gas/Maintenance: $275 -Credit Card payment: $0 -Car loan payment: $289 -Entertainment: $300 We don't have any student loan or credit card balances. But we do have car loans that add up to $8,000. Given their salaries and money saved for a down payment, how much house can they afford using the traditional guideline? $119,850 C Player Incorrect, try again. Hint: Make sure to use gross income and the correct multiplier. O -U -F -G Given their salaries and money saved for a down payment, how much house can they afford using the traditional guideline? -CI -C -Er We Enter a response then click Submit below $ Submit Financial Summary Our assets: -Checking account: $4,297 -Savings account: $54,950 -Emergency fund savings account: $24,950 -IRA balance: $24,950 -Cars: $11,980 + $22,970 Our incomes: Jamie Lee: $69,900 gross income ( $52,425 net income after tax) -Ross: $49,950 gross income ($37,463 net income after tax) Our monthly expenses: -Utilities: $160 -Food: $325 -Gas/Maintenance: $275 -Credit Card payment: $0 -Car loan payment: $289 -Entertainment: $300 We don't have any student loan or credit card balances. But we do have car loans that add up to $8,000