297 John's Personal Monthly Budget Budget Budget Income $3,710 Interest 90 TOTAL 3,800 INCOME Taxes 628 Rent 855 Vehicle 190 Insurance Food and Eating out Car 390 Payment Student 302 Loans Sports and 235 Hobbies Phone and 100 Household Retirement 223 Vacations Credit 280 Cards TOTAL $3,795 EXPENSES SURPLUS (OR DEFICIT) 295 900 John's Balance Sheet Assets Checking $325 Savings 1,140 Automobile 11,500 Motorcycle 3,780 Furnishings 755 Clothes 2,050 Other Household Sports Equipment 2,700 Collections 730 401(k) 19,500 TOTAL ASSETS $43,380 Liabilities Credit Cards $3,500 Student Loans 27,000 Car Loans 3,250 TOTAL LIABILITIES $33,750 Use John's budget and balance sheet information to answer the following questions. What is John's budgeted income surplus? (Round answer to 0 decimal place, e.g. 5275.) John's budgeted income surplus is $ What is his budgeted savings ratio? How does this compare with the recommended benchmark? (Round answer to 0 decimal place, e.g. 5275.) Budgeted savings ratio is % and is than/to the recommended benchmark. eTextbook and Media What is John's total debt-to-income ratio? How is he doing compared to the recommended benchmark? (Round answer to O decimal place, e.g. 5275.) John's total debt-to-income ratio is % and is than/to the recommended benchmark. e Textbook and Media Based on a month having four weeks and assuming John works 40 hours per week, what is his hourly wage rate? How does this compare to the national minimum wage? (Round answer to 2 decimal places, e.g. 52.75.) John's hourly wage rate is $ per hour and mpared to national minimum wage. lower equal higher eTextbook and Media Assume that John paid $410 for his collections. If he sold the collections today for market value and paid no sales fee or commission, what would be his total capital gain? What is this amount in terms of a percentage? (Round answer to 0 decimal place, e.g. 5275.) John's total capital gain is $ and amount of total capital gain in terms of percentage is