Date: Angela recently graduated from CNM with an AAS degree in Heath Services Management (HSM). She found her first job, and is making $39,527 per year. She decided to move into her own apartment and purchase a new car After getting some experience in her new career, she plans to return to UNM to get a Bachelor's degree in HSM. With a Bachelor's degree, her annual salary will increase 1.) Angela gets paid at the first of each month. What is her monthly income? (You do not have to account for the typical deductions such as health insurance, social security employer deductions, etc...). Base vou answer on $39,527 per year. Monthly income: $ (round to the nearest cent) 2.) Each month, Angela has the expenses listed below. Determine what percentas expense is to her total monthly income. Round each percent to 2 decimal places hat percentage each % of Monthly Income Expense Amount Rent $1245.00 Car Payment $324.61 Car Insurance $210.17 Gas (NM Gas Co.) $125.00 Electricity (PNM) $93.00 Phone $110.80 Internet/TV $175.73 Student Loan $456.25 Gym Membership $45.00 Total: $ the bills, how much money will she have left over each month? Remaining amount: $ What percentage is the remaining amount of her total monthly income? Create a ple chart to represent each expense Don't forget the "left over amour Combine the auto costs into one category and pie slice . Combine the utility costs into one category and ple slice. Label each slice of the pie and create a title for the chart. Round each category to the nearest percent (this will make counting easier): The pie chart is divided into 100 sections. OLUN TAVO 3. Determine the income tax for $39,527. If you were not in class when we talked about taxes, you might have to search the internet for explanations and examples. On the next page, you'll find a brief explanation 2018 BRACKETS Use the following tax brackets: Maid Separately Mantled Fine Joint Head of Single Household Total Federal Income Tax: $ Effective or Annual Tax Rate: (See the next page for a definition) 10% 0 0 12 0.525 1525 22 5700 5700 24 2.500 2.500 32 $157,500 $17.500 35 200.000 200.000 374 500,000 $300.000 0 $190SO 572 400 $165.000 15.000 5400.000 $600.000 $13.600 51.000 2.500 $157,500 $200,000 500.000 4.) Angela decides to buy a new car. She finds a pre-owned Corvette for $27.900.00. She made a down payment of $8,000.00 from the trade-in of her old car and financed the rest over 5 years with monthly payments of $389.50. Find the APR Show all your work for full credit. 5.) Angela decided to pay off her loan 6 months early. Using the actuarial method, find the unearned interest and the payoff amount. Show all your work for full credit
