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13. Use the following budget to answer these questions. Income Monthly Net Income Expenses Mortgage Heat Phone Internet Car Payments Car Costs Insurance Food Taxes
13. Use the following budget to answer these questions. Income Monthly Net Income Expenses Mortgage Heat Phone Internet Car Payments Car Costs Insurance Food Taxes Entertainment Daycare Total Expenses Balance $ $1250.00 $125.00 $85.00 $55.00 $350.00 $100.00 $160.00 $ $ $150.00 $0.00 $3008.33 nel $ a) Fill in the four missing values if this family's net income is $940/week, taxes are $1600/year, and food costs are $150/week. Show all work. (4 marks) b) This family also has a student loan of $4000 to pay off. Suggest what they should adjust in this budget to payoff this loan as soon as possible while minimizing interest costs. Be sure to justify your response. (2 marks)
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