Maria and John Sanchez have just completed their third annual set of financial statements. They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress. Even before they got married, they decided that each year on February 2 (Groundhog Day) they would update their cash-flow statement and their balance sheet. The following information is taken from their latest financial statements: Monetary assets Tangible assets Investment assets Short-term liabilities Long-term liabilities Annual gross income Annual take-home income Annual expenses (including taxes and debt repayment) Annual debt repayment $4,060 $35,800 $15,005 $3,690 $27,350 $48,000 $35,000 $46,800 $8,700 Calculate Maria and John's current net worth? Refer to above information in #1. Calculate Maria and John's surplus (loss) for the year. Refer to aboe information in #1. What is Maria and John's asset-to-debt ratio? Refer to above information in #1. Calculate Maria and John's investment assets-to- total assets ratio. Save Do the Math 4-2 eBook Do the Math 4-2 Marginal Tax Rate What would be the marginal tax rate for a single person who has the following taxable income? (Hint: Use Table 4-2.) a $33,960 b. $63,620 $89,390 d. $126,720 Hide Feedback