MEL 4EUnit 3 – Activity 4 - Worksheet #2

WHAT ELSE WILL IT COST II?

Jack and Jill have a total net income is $2000 per month.

Their housing costs use 40% of their net income each month.

Calculate the portion of the $2000 net income that is spent on housing each month.

The circle graph shows how Jack and Jill’s total housing costs are split up each month.

This means that 9% of the amount you calculated at the top of the page is used for home maintenance and repairs. How much is this?

Determine the amount spent in each of the other categories by Jack and Jill each month.

Rent______
Utilities______
Parking______
Phone______
Cable TV______
Internet______

Locate two places in your area that Jack and Jill could be renting for the above amount.

What type of place can they get for that amount?

2.Pawel and Jake are looking for a 2-bedroom apartment to share for the year while they attend CarletonUniversity. They can each afford to pay $500 a month but would be happy to spend less. Locate at least 2 apartments that the boys might consider renting and give reasons for each choice.

Location / Monthly Rent / What’s Included in the Rent and What’s Not? / My reasons for suggesting this room/apt/house as a possibility.

3.Fritz and Freda have a combined net pay of $2200. They do not want to spend more than 25% of that on rent. Fritz works in downtown Ottawa and Freda works in Barrhaven. They have one car and must share it. One of them must walk or take public transit. Locate two possible places for them to live and give reasons for your choices.

Location / Monthly Rent / What’s Included in the Rent and What’s Not? / My reasons for suggesting this room/apt/house as a possibility.

4. Lou and Alanna are married and have 3 children (all girls under 7 years old). Lou has a contract with a company that is for 2 years. He thinks he will have to move out of the area at that time, so they do not want to buy a home. Lou’s monthly net pay is $2800 and Alanna’s monthly net pay is $1250. If they can spend 25% of their combined monthly net pay for rent, how much can they afford? Help them find two places that they might rent.

Location / Monthly Rent / What’s Included in the Rent and What’s Not? / My reasons for suggesting this room/apt/house as a possibility.

5.Josef has just graduated from school and has his first job. He earns $15.45 an hour and works 40 hours a week. His deductions take 17% of his gross pay. He is willing to pay up to 28% of his net pay for rent. How much can he afford for rent? Locate two places for him to rent and explain your choices.

Location / Monthly Rent / What’s Included in the Rent and What’s Not? / My reasons for suggesting this room/apt/house as a possibility.

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