Posted by **kelly** on Monday, February 25, 2013 at 4:22pm.

To be eligible for a car loan, Melissa's monthly rent and utilities cannot exceed 30% of her take-home pay. Use the information below to determine whether Melissa is eligible for the loan.

Gross paycheck-$3950

Net paycheck (after taxes)-$3260

Rent-$925

Utilities-$150

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