Finance QR Project After graduating from NYCCT you landed a job earning $45,000 per year. Congrats Now it's time to think about your long-term life goals. Do you want to buy a car, a house, save for retirement, and attend grad school? Based on the information below and your bi-weekly (paid every two weeks) income displayed in the pay stub below, compute the monthly costs for each scenario, and how long it would take to pay off each item. Remember that you'll also have to pay off your student loan, and will need to cover your everyday living expenses. 407507 401.16 Now Yak Toch Compary 555 Toch Ave Now York NY 10001 Earnings Statement YolkStubs.comm 2.1 GROSS YodkStubs.cous ea s12m.2a NewYorkSabsson NET PAY$127029 Question#1: Carefully review the pay stub presented above. i) What is your net income after taxes and deductions for 2016? [Hint: How many bi- weekly paychecks are left for 20162 34/ZG 65 ii) How much will you pay in taxes and deductions as a fraction of your gross income for 2016? Question #2; Create an annual budget calculation using excel assuming the following monthly expenditures