Answers a) 70.9% b) 17.1% c) 12.0% d) $1080

e) $82,353

How do you find these answers. Please explain clearly.

Personal Budgeting 12A-30 Your neighbors have a household after-tax income of $70.000. Their monthly expenses are: A Monthly Category expense Monthly expense Category $650 250 450 1000 500 $1500 Groceries House payment Gasoline Phone/Internet/TV Eating out Home maintenance Insurance and taxes 200 Utilities 250 200 Savings 233 600 Car payment Vacation & entertainment (a) What percentage of the family's expenses fit (b) What percentage of the family's expenses fit (c) What percentage of the family's expenses (d) They are paying $1050 per year for fire insur- into the Needs category? into the Savings category? fit into the Wants category? ance and $3990 per year in taxes on the house as part of their house payment. What is the monthly mortgage payment? (e) If the family pays 15% of their total income in taxes (combined federal and state), what is their before-tax income