MIKE AND MANY JANE LEE HAVE A YEARLY INCOME OF 65,000,AND OWN A HOUSE WORTH 90,000,TWO CARS WORTH A TOTAL OF 20,000, AND FURNITURE WORTH10,000.THE HOUSE HAS A MORTGAGE OF 50,000 AND THE CARS HAVE OUTSTANDING LOANS OF 2,000 EACH.UTILITY BILLS,TOTALING 150 FOR THIS MONTH,HAVE NOT BEEN PAID.BY USING WORKSHEET 4 AS AN EXAMPLE CALCULATE THEIR NET WORTH, AND EXPLAIN WHAT IT MEANS.HOW WOULD LEES'AGES AFFECT YOUR ASSESSMENT OF THEIR NET WORTH? USE THE INFORMATION IN QUESTION 1 AND CALCULATE THE DEBT RATIO FOR THE LEE HOUSEHOLD. BASED ON YOUR PROJECTED SALARY,ESTIMATE AND SUBTRACT 20 PERCENT FOR TAXES AND BENEFITS AND ANOTHER 10 PERCENT FOR RETIREMENT.FROM THE REMAINDER,ESTIMATE AND SUBTRACT THE AMOUNT YOU PLAN TO SAVE ANNUALLY FOR SHORT,INTERMEDIATE-,AND LONG-TERM GOALS.WHAT YOU HAVE LEFT REPRESENTS YOUR INCOME AVAILABLE FOR MEETING ALL EXPENSES.NOW,ESTIMATE THE EMERGENCY FUND YOU NEED TO COVER 3 TO 6 MONTHS'EXPENSES.REALSTICALLY,HOW LONG WILL IT TAKE YOU TO SAVE THE NEEDED AMOUNT?