Melody and Charles Verona have been married for less than one year and currently live in a one-bedroom apartment. They would like a bigger place, and with two incomes, they think they could afford to pay a mortgage on a small home or condominium. Unfortunately, they don't have enough for a down payment yet, so they want to begin saving for this purpose. Over the last few months, Melody has been dismayed to find that they always seem to be a little short on cash at the end of the month. She decides to sit down with Charles to look more carefully at their spending habits and begin making a plan that will enable them to buy a house. TheVeronashave collected the following financial information in preparation for evaluating their current finances and determining how much to save:

Melody and Charles Verona have been married for less than one year and currently live in a onebedroom apartment. They would like a bigger place, and with two incomes, they think they could afford to pay a mortgage on a small home or condominium. Unfortunately, they don't have enough for a down payment yet, so they want to begin saving for this purpose. Over the last few months, Melody has been dismayed to find that they always seem to be a little short on cash at the end of the month. She decides to sit down with Charles to look more carefully at their spending habits and begin making a plan that will enable them to buy a house. The Veronas have collected the following financial information in preparation for evaluating their current finances and determining how much to save: a. Assuming that the cash flows above are accurate and complete, calculate the Verona's net monthly cash flow $__________ b. If the Veronas could allocate their net cash flow to savings each month and could earn 4 percent after taxes, how much would they have in the account after two years? c. Calculate the couple's debt payment ratio. Round answer to 0 decimal places. d. Assuming that Melody and Charles receive 4 percent raises each year for the next two years and that tax rates remain the same (20 percent), what will be the total of their after-tax income at that time? $_______per month