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I need some help with this question, serena and June's household income is 40180 June and Emily's household income would be 30,789 how would this
I need some help with this question, serena and June's household income is 40180
June and Emily's household income would be 30,789 how would this differentiate living standards between both households?
Question 2 June is a healthcare assistant in Bristol, earning 14,500 a year after deductions for tax, National Insurance and pension contributions. She is currently staying at a colleague's house, Emily, who has two young children who are both who are both 7 years old and lives in a small three- bedroom flat. June and Emily earn the same amount and June is chipping in for the bills and rent in equal terms with Emily. Emily also gets 1789 a year in child benefit. However, June is looking to move into her own place with her girlfriend Serena, who is a junior lawyer and earns 2140 a month net of tax and National Insurance and pension contributions. No-one described above has any other source of income other than that stated. 2.1a Using the Household income equivalence calculator, calculate the annual equivalised net income of June and Serena's new household together. (2 marks) 2.1b With the aid of the same calculator, comment on June's living standard while living with Emily compared to that expected when living with Serena. (4 marks) 2.2 Draw up a monthly cash flow statement using the following expenditure information for June and Serena in their new shared flat. Rent: 1300 a month Council tax: 1500 a year Food and household items: 135 a week Alcohol, going out, leisure activities: 320 a month . . Water, gas and electricity: 350 a quarter Question 2 June is a healthcare assistant in Bristol, earning 14,500 a year after deductions for tax, National Insurance and pension contributions. She is currently staying at a colleague's house, Emily, who has two young children who are both who are both 7 years old and lives in a small three- bedroom flat. June and Emily earn the same amount and June is chipping in for the bills and rent in equal terms with Emily. Emily also gets 1789 a year in child benefit. However, June is looking to move into her own place with her girlfriend Serena, who is a junior lawyer and earns 2140 a month net of tax and National Insurance and pension contributions. No-one described above has any other source of income other than that stated. 2.1a Using the Household income equivalence calculator, calculate the annual equivalised net income of June and Serena's new household together. (2 marks) 2.1b With the aid of the same calculator, comment on June's living standard while living with Emily compared to that expected when living with Serena. (4 marks) 2.2 Draw up a monthly cash flow statement using the following expenditure information for June and Serena in their new shared flat. Rent: 1300 a month Council tax: 1500 a year Food and household items: 135 a week Alcohol, going out, leisure activities: 320 a month . . Water, gas and electricity: 350 a quarterStep by Step Solution
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