(1)Tony's salary: $ 8.25 (minimum wage) x 40 hours per week it 52 weeks - 25% (taxes, social security, etc.) = $12,870 (after tax income per year) 2) Cost of apartment: $7,800 per year subtracted from Tony's income = $5,070 (3) Cost of going to the grocery store (food, paper products, soaps, baby care needs, etc.) per week x 52 weeks = $7,800 subtracted from final figure in #2 = $-2,730 (4) Cost of utilities 8: telephone per month x 12 months = $1,200 subtracted from final figure in #3 = $-3,930 (5) Cost of transportation per month $150 x 12 months = $1,800 subtracted from nal figure in #4 = $-5,730 (6) Cost of health care per year = $4,000 subtracted from final figure in #5 = $-9,730