Leyia and Larry Hartley of Columbus, Ohio have decided to start a family next year, so they are looking over their budget (illustrated in Table 3-5 as the "young married couple"). Leyia thinks that she can go on half-salary ($2,400 instead of $4,800 per month) in her job as a college textbook sales representative for about 18 months after the baby's birth; she will then return to full-time work. solve a through c?

2.400 per more Lay and m y headed to t est year, they we r e in th e young ). Leyat he can go on herbace out 18 war the water . Looking the arty's curren t de c ores and amountains the budget where they really cut back 2,400. Federal and state taxes should drop about $600 (87,200 analy) as their income The input in the box below will not be graded, but may be reviewed and considered by your instructor b. A t for an an t leva and Larry d 12.400 e would you give them for handing the feed expenses and they are expenses to prepare financially de rette begin a family for another five years. What speciebung recom for 18 months well as the expenses for the new baby? Table 3-5 Sample Monthly Budgets for Various Family Units College Student Single Working Person Young Married Couple Married couple with Two Young Children Married couple with Two College Age Children $4.400 0 20 $4,000 4,800 54.000 4,400 $8,000 1,600 30 $1,000 0 2 200 570 $1.812 0 0 $4,420 SRO $9.580 $ 0 $ $ 250 $ 500 200 70 20 20 1.100 220 1200 1,300 200 500 280 60 100 0 20 80 310 120 110 390 170 125 200 300 200 Classifications INCOME Salary 1 Salary 2 Interest and dividends Student loan withdrawals Savings withdrawals Total income EXPENSES Fixed Expenses 4010) retirement savings RA and Roth IRA contributions Savings automatically withheld Housing Health Insurance State income taxes Life and disability insurance Homeownerhenter insurance Automobile insurance Vehicle loan payments Emergency savings Student loan payments Loans Credit card payment Federal income taxes Social Security taxes Real estate as Investments Total fixed expenses Variable expenses Other savings Food Utilities Automobile gas, oil, maintenance Medical expenses Childcare Clothing Gifts and charitable contributions Personal allowances Education expenses Furnishings and appliances Personal care Entertainment Vacations Miscellaneous Total variable expenses Total Expenses 200 500 220 130 1OHO 670 620 250 1.000 730 23 125 $3:350 SSESSO 20 130 180 330 20 600 500 200 580 290 160 240 230 360 320 30 150 100 80 150 20 150 400 888888888 130 80 10 10 70 110 0 120 120 200 500 150 250 200 200 $1,060 $1,112 51.872 4020 52,740 58.8.20 52.880 S8,30 Appendix A-1 Future Value of a Single Amount ($1 at the End of n Periods) (Used to compute the Compounded Future Value of a Known Lump Sum) 12% 13% 16% 17% 18% 19% 20% 100 L1900 2000 8% 1000 1664 25 11% 11100 2221 13676 11300 125 149 14% 11000 1996 14815 1.68 15% 11500 1.3035 15000 1356 EL 1416110 149 10 9% 10% 1000 11000 111 12100 1 290 13310 14116 11 1 16105 16771 1 1720 20736 1.5715 17105 18739 1% 2% 3% 4% 5% 6% 7% 1 10100 10300 10300 400 500 600 700 2 10001 609 686 LOS 12 L 3 16303106121927 1209 156 1910 12250 4 1 4 115 11699 215 105 5 10510 1001 11903 12167 12263 2 14026 6 10615 L1X2 LINI 12653 13401 1418 1.5007 7 10721 17 12299 13159 14071 15036 8 109 11717 12668 1.3636 1ATS 18 10 9 19 19 1948 1.4023 15513 1 2.0053 18106 21003 1.2623 1.04 19354 20114 2.1994 2.3864 2.4883 1.4693 1.5869 18700 2.000 24364 1918 2 2107 2.1950 2.5023 2.9860 12 30012 2.1486 2. 40214 2.5 271 3.517 OLOTE UNS 560 02 44114 LES 000 16 3.2350 43345 1.52 100 2531 LANS 56300 6170 15071 WCI S350 32519 2.7072 4232 48179 5.4924 6.2613 7137 8 5.1908 6.1917 74301 8.9161 106993 12.8392 6501 2.UN 2510 716 2017 6.7102 80602 5054 1 . 21 24 2 2.0127 10 3.17 1.643 1.700 12 1615 2.1009 20122 2.2522 2.11.29 2.4098 2. SMS 26 2710 20 2.9522 6.18 76087 MA 1.3790 594 7015 90075 10.1472 11.4198 1.5126 1 LOS 21722 5.0 61104 11.9717 2014120 1 161715 15.070 4 70673 2220 ACT 100 an 1 6TH 2014 le LIMIS MONS 22005 01 27.516 LO 12. 0 6 27.90 12. 211056 270116 31.69 MAT 3228 NO 6.0051 LOS 37.0062 45.0026 0.2973 51.000 1 1001 S 201202 1 1051 2011 21 24 SI 1 22 270 S. 108 22 134 1 101 29 2925) BORS 5.0 6.656 23 12572 15 19736 2.4647 30715 3.81974.745 5.8015 72529 24 X 10 2018 20 251 4 5.0734 CMU) 79111 25 126 28 28 9 Sa S o 2196 27 2 5.0 72064 m2 27 22) 34 cm 97 23 20 410 22 101 111) T 21 .3345 2 63 .110 41161 5418421103 317 1217 30 1370 1114 2013 2014 219SMOS 76123 10.0627 11 27 40 10 2200 200 1010 70000 10 257 149385217251.00 50 1646 200164 7.106 11.40 1.00 4570 46,9016 105 5095 7.000000 100 6 10.1974 12.057 1018 SLM) 1931 05 16.15 10.08 110 15.666 1815 12.1001 14708 178610 216417 3.952316062023616 15 116 1 23.2122 70001 2110 2.4619 2 .1966 1932 1933 SISI 0 2005 0 0 26. 346158 461 2.5795 29.9 1159 50.950266-2118 01051032116 18 262635 20.0022 ST 200 21301 25 LO 74002 89092 .140) 29116 9 543 11.023 9. 12.12 10.3) 55 1.9182 0 15. 1100 W 10 15 2 5.631 20.6237 1748 22.00 5.2503 65.0009 12.10 1345648 SSC7711 0004 SOLE LOS 5.99 3217212 1620 204 50262 7 SS 2. 81.13021026 16 271 00111978136 111067 1413706 1846753 2373763 533.67 7 1051 1 61.772 205 215 225 914 9100.00 2.400 per more Lay and m y headed to t est year, they we r e in th e young ). Leyat he can go on herbace out 18 war the water . Looking the arty's curren t de c ores and amountains the budget where they really cut back 2,400. Federal and state taxes should drop about $600 (87,200 analy) as their income The input in the box below will not be graded, but may be reviewed and considered by your instructor b. A t for an an t leva and Larry d 12.400 e would you give them for handing the feed expenses and they are expenses to prepare financially de rette begin a family for another five years. What speciebung recom for 18 months well as the expenses for the new baby? Table 3-5 Sample Monthly Budgets for Various Family Units College Student Single Working Person Young Married Couple Married couple with Two Young Children Married couple with Two College Age Children $4.400 0 20 $4,000 4,800 54.000 4,400 $8,000 1,600 30 $1,000 0 2 200 570 $1.812 0 0 $4,420 SRO $9.580 $ 0 $ $ 250 $ 500 200 70 20 20 1.100 220 1200 1,300 200 500 280 60 100 0 20 80 310 120 110 390 170 125 200 300 200 Classifications INCOME Salary 1 Salary 2 Interest and dividends Student loan withdrawals Savings withdrawals Total income EXPENSES Fixed Expenses 4010) retirement savings RA and Roth IRA contributions Savings automatically withheld Housing Health Insurance State income taxes Life and disability insurance Homeownerhenter insurance Automobile insurance Vehicle loan payments Emergency savings Student loan payments Loans Credit card payment Federal income taxes Social Security taxes Real estate as Investments Total fixed expenses Variable expenses Other savings Food Utilities Automobile gas, oil, maintenance Medical expenses Childcare Clothing Gifts and charitable contributions Personal allowances Education expenses Furnishings and appliances Personal care Entertainment Vacations Miscellaneous Total variable expenses Total Expenses 200 500 220 130 1OHO 670 620 250 1.000 730 23 125 $3:350 SSESSO 20 130 180 330 20 600 500 200 580 290 160 240 230 360 320 30 150 100 80 150 20 150 400 888888888 130 80 10 10 70 110 0 120 120 200 500 150 250 200 200 $1,060 $1,112 51.872 4020 52,740 58.8.20 52.880 S8,30 Appendix A-1 Future Value of a Single Amount ($1 at the End of n Periods) (Used to compute the Compounded Future Value of a Known Lump Sum) 12% 13% 16% 17% 18% 19% 20% 100 L1900 2000 8% 1000 1664 25 11% 11100 2221 13676 11300 125 149 14% 11000 1996 14815 1.68 15% 11500 1.3035 15000 1356 EL 1416110 149 10 9% 10% 1000 11000 111 12100 1 290 13310 14116 11 1 16105 16771 1 1720 20736 1.5715 17105 18739 1% 2% 3% 4% 5% 6% 7% 1 10100 10300 10300 400 500 600 700 2 10001 609 686 LOS 12 L 3 16303106121927 1209 156 1910 12250 4 1 4 115 11699 215 105 5 10510 1001 11903 12167 12263 2 14026 6 10615 L1X2 LINI 12653 13401 1418 1.5007 7 10721 17 12299 13159 14071 15036 8 109 11717 12668 1.3636 1ATS 18 10 9 19 19 1948 1.4023 15513 1 2.0053 18106 21003 1.2623 1.04 19354 20114 2.1994 2.3864 2.4883 1.4693 1.5869 18700 2.000 24364 1918 2 2107 2.1950 2.5023 2.9860 12 30012 2.1486 2. 40214 2.5 271 3.517 OLOTE UNS 560 02 44114 LES 000 16 3.2350 43345 1.52 100 2531 LANS 56300 6170 15071 WCI S350 32519 2.7072 4232 48179 5.4924 6.2613 7137 8 5.1908 6.1917 74301 8.9161 106993 12.8392 6501 2.UN 2510 716 2017 6.7102 80602 5054 1 . 21 24 2 2.0127 10 3.17 1.643 1.700 12 1615 2.1009 20122 2.2522 2.11.29 2.4098 2. SMS 26 2710 20 2.9522 6.18 76087 MA 1.3790 594 7015 90075 10.1472 11.4198 1.5126 1 LOS 21722 5.0 61104 11.9717 2014120 1 161715 15.070 4 70673 2220 ACT 100 an 1 6TH 2014 le LIMIS MONS 22005 01 27.516 LO 12. 0 6 27.90 12. 211056 270116 31.69 MAT 3228 NO 6.0051 LOS 37.0062 45.0026 0.2973 51.000 1 1001 S 201202 1 1051 2011 21 24 SI 1 22 270 S. 108 22 134 1 101 29 2925) BORS 5.0 6.656 23 12572 15 19736 2.4647 30715 3.81974.745 5.8015 72529 24 X 10 2018 20 251 4 5.0734 CMU) 79111 25 126 28 28 9 Sa S o 2196 27 2 5.0 72064 m2 27 22) 34 cm 97 23 20 410 22 101 111) T 21 .3345 2 63 .110 41161 5418421103 317 1217 30 1370 1114 2013 2014 219SMOS 76123 10.0627 11 27 40 10 2200 200 1010 70000 10 257 149385217251.00 50 1646 200164 7.106 11.40 1.00 4570 46,9016 105 5095 7.000000 100 6 10.1974 12.057 1018 SLM) 1931 05 16.15 10.08 110 15.666 1815 12.1001 14708 178610 216417 3.952316062023616 15 116 1 23.2122 70001 2110 2.4619 2 .1966 1932 1933 SISI 0 2005 0 0 26. 346158 461 2.5795 29.9 1159 50.950266-2118 01051032116 18 262635 20.0022 ST 200 21301 25 LO 74002 89092 .140) 29116 9 543 11.023 9. 12.12 10.3) 55 1.9182 0 15. 1100 W 10 15 2 5.631 20.6237 1748 22.00 5.2503 65.0009 12.10 1345648 SSC7711 0004 SOLE LOS 5.99 3217212 1620 204 50262 7 SS 2. 81.13021026 16 271 00111978136 111067 1413706 1846753 2373763 533.67 7 1051 1 61.772 205 215 225 914 9100.00