need help with 3 questions including: after-tax income, solvency ratio, liquidity ratio, savings ratio and combined savings. Aswell as some worded questions.

file with question is attached.

Additional Information James and Jane have just returned to Australia after living abroad for the past 8 years. They have used up their savings and started using credit cards to fund their living expenses whilst looking for work upon their return. Luckily, James has just found work as an Education Consultant and Jane has just found part-time work as a florist. James and Jane would like to know how much money they will receive after paying tax. Jane and James have limited financial knowledge and are seeking your advice about their current financial state. The Pretzel's currently rent an apartment but aim to buy a house in the future. They have consulted you as they are looking to save $80,000 for a deposit for their house, 5 years from now. They want to know if they can achieve this goal. The Pretzel's keep a minimum $5,000 in a current account for sudden events. Any surplus savings will be invested into the James' Managed Fund at the end of each financial year. Assume that James' Managed Fund pays 4% return after tax at the end of the year. Also assume that return from this investment does NOT need to be included in his annual tax returns. Assume their income will remain constant in dollar terms and that the 2016/17 tax rate will stay constant for the next 5 years. Assume that all expense amounts have been adjusted for inflation and will stay constant in dollar terms for the next five years. A change which will occur is that the day care fees will be incurred for the next 3 years only. After which, their daughter will attend kindergarten at a cost of $ 1200 per annum. Also, the credit card debt will be paid off in 12 months. Assume that both James and Jane have 9.5% employer superannuation contributions paid in addition to their salary and they do not salary sacrifice into their superannuation. A. Calculate Jane and James' annual after-tax income. Explain one way in which Jane and James could reduce their tax liability and show the effect this strategy would have. B. Calculate the solvency ratio, liquidity ratio and savings ratio using the Preztel's financial information. Explain in everyday terms what these ratios mean, highlight any concerns you have and suggest one improvement the Preztel's could make. C. Calculate the amount of combined savings the Preztel's can accumulate 5 years from now for the deposit on a house. Explain a strategy that the Preztel's could take to increase their savings