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Will he be able to make payments without changing amounts

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Question - Brian's monthly gross income is $2,950. He pays 22% of his monthly gross earnings in federal and state taxes and spends 10% of that monthly income to pay off his credit card debt. Brian is also paying off a loan his parents gave him for a new car by sending them 8% of his income per month. Brian found an apartment near his work that rents for $1,300 per month. Will he be able to make the payments without changing the amounts he pays toward his loan and credit card debt? Explain.

Reference no: EM132960669

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