1. Janes gross income is $65,000, and she pays the following monthly bills: (5 pts) Rent: $1,200 Credit card: $450 Car Payment: $500 Student Loan: $200 She pays 15.52% of her income as taxes. Calculate (a) Debt/Gross Income ratio, (b) Debt/Disposable Income ratio, and (c) explain whether she is financially flexible.

2. A local barbershop earns $60,000 a year. If tax is $750 per month and expenses are $4,000 per month, what is the shops before-tax savings ratio? After-tax savings ratio? (5 pts)

(Show work to get points)