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2. Calculating Living Expenses. A. Calculate how much money an older household with an annual income of $61,200 spends on transportation each year. (Hint: Assume

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2. Calculating Living Expenses. A. Calculate how much money an older household with an annual income of $61,200 spends on transportation each year. (Hint: Assume 14.7% per year) B. Calculating Living Expenses. Using 35%, calculate how much money the household from Problem 3 spends on housing

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