Ed and Marta are paid $$$$2$ comma $4102,410$ after taxes every month. Monthly expenses include $$$$777777$ on housing and$$ utilities, $$$$395395$ for auto$$ loans, $$$$164164$ on$$ food, and an average of $$$$713713$ on clothing and other variable expenses. Assuming that they save excess$$ funds, calculate and interpret their savings ratio. $$Hint: Prepare an income$$ statement, and then compute the ratio.

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Part $1$

The amount of Ed and$$ Marta's income available for savings and investment is$$ $enter your response here.$($Round to the nearest$$ dollar.$)$

Part $2$

Ed and$$ Marta's saving ratio is enter your response here$\%.($Round to two decimal$$ places.$)$

Part $3$

Interpret their savings ratio.$($Select the best choice$$ below.$)$

A$.$

The ratio tells Ed and Marta that approximately $14\mathrm{.}9814\mathrm{.}98\%$ of their gross income is available for savings after expenses are paid.

B$.$

The ratio tells Ed and Marta that approximately $6\mathrm{.}686\mathrm{.}68\%$ of their income is available for savings after expenses are paid.

C$.$

The ratio tells Ed and Marta that approximately $14\mathrm{.}9814\mathrm{.}98\%$ of their$$ after$-$tax income is available for savings after expenses are paid.