Create a budget and statement of net worth for the month of June with the following information and use the worksheet below for the calculations you will use to answer the last several questions (copy it out on scratch paper). Account Balances as of June 30 Wells Checking Acct: $2,000 Wells Savings: $4,000 Vanguard Roth IRA: $6,000 Car: $10,000 Credit Card Visa current balance: $200 Minimum payments: $25(a) June Bills Rent due: $1,200 Utilities: $100 Groceries: $300 Clothes: $200 Gas: $200 Car Insurance: $50 Health Insurance: $200 Salary $5,000/month Withholdings Salary $5,000/month Withholdings Social Security $300 Medicare: $70 Federal Income Tax: $375 State Income Tax: $65 Savings Goals Bank Savings Acct: $500/month Roth IRA: $200/month Budget INCOME EXPENSES After-tax Income Question 95 What is the monthly after-tax income? $4,190 $5000 $4,000 $60,000 $12,000 Question 96 What are the total monthly expenses? $3,000 $1,200 $2,975 O $2,475 Question 97 What is the net income? $975 $1,215 $2,975 $2475 $3,000 Question 98 What are the total assets? $22,000 $3,500 $4,000 $4,550 $12,000 Question 99 What is the net worth? $21,800 $3,500 $9,000 $11,500 $12,000