Question: Your equations should be set up like this: Pay X Hours Worked X 52 Weeks / 12 months = Gross Monthly Income Jose and Zola

Your equations should be set up like this: Pay X Hours Worked X 52 Weeks / 12 months = Gross Monthly Income

Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and for the last three years, has also worked on average 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?

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