please answer numbers 2,4,6,8,10,12,14,16,18 and show work
here are the tables you need to use
- A. Exercises en Estimate the annual budget amount for each family for the given item. Use the percentages from the pie graph in this section. Budget amount Gross income Budget item ven 1. $62,500 Tithe 2. $39,000 Taxes 3. $58,000 Housing 4. $47,000 Food 5. $52,500 Utilities Find the recommended annual amounts for the following couples to budget for the given item. Base your answer on the disposable income from Table 4.1. Gross income Budget item Budget amount 6. $66,000 Housing 7. $36,000 Food 8. $45,000 Transportation 9. $54,000 Debt reduction 10. $54,000 Clothing B.Exercises Find the amounts to budget annually for all items, excluding tithe and income taxes, for each family. Begin with the disposable income. item? 41, notio 11. Mr. and Mrs. Johnson with an annual income of $45,000 an to disposab 12. Mr. and Mrs. Santini with an annual income of $54,000 13. Mr. and Mrs. Mueller with an annual income of $66,000 14. Mr. and Mrs. Hansen with an annual income of $36,000 le spend 15. Recreation for the Jordans, who have no children and an annual gross income of $42,500 hat Find the recommended annual budget amount for the item indicated. e is 16. Housing for the Wilcoxes, who have no children and a gross income of $51,738. 2aigob Are the following families within the recommended budget for the item indicated? 17. The Lapiskas (no children) gross $55,800 and spend $4104 on transportation each year. 18. The Hills have no children, gross $40,000, and spend $1650 on clothing each year Table 4.1 Standardized Budget Percents Family of two-married couple $54,000 $66,000 $45,000 $36,000 10% Gross family income 10% 10% 10% Tithe 27% 24% 22% 21% Federal and state taxes 63% 66% 68% 69% Disposable income % $41,580 $35,640 $30,600 $24,840 Disposable income Percents below are to be multiplied by the disposable income. 32% 32% Housing 32% 33% 5% Clothing 5% 5% 5% Debt reduction 5% 5% 5% 5% Food 11% 10% 10% 11% Insurance 5% 5% 5% 5% Medical/dental 6% 6% 6% 6% Recreation 5% 5% 5% 5% Savings 8% 8% 9% 10% Transportation 12% 12% 12% 11% Utilities 7% 7% 6% Miscellaneous 6% 3% 4% Life insurance only; homeowner's and car insurance are in the housing and transportation categories 5% Includes rent or mortgage payments as well as real estate taxes, insurance, and maintenance. 5% The sovinge in Taxes 20% Housing 25% Tithe 10 % Food 7% Utilities 5% Miscellaneous 3% Clothing 5% Transportation 5% Savings 5% Recreation 5 % Medical 5% Insurance 5% larger percent than is recommended may need to be allotted for housing. This means the percents for other items must be reduced. A person who spends 28% of his income for housing is not going to sell the house just because a standardized budget recommends that he spend 25 %. The budgeter will need to decrease combined expenditures for other items. You are constrained by having exactly 100% of your income to spend or save. Careful planning of the initial budget and having the willpower to stick to the budget are the keys to financial responsibility. Learn to live within your budget and you can become a faithful steward of God's resources. To use a standardized budget, you will need to know about disposable income. - A. Exercises en Estimate the annual budget amount for each family for the given item. Use the percentages from the pie graph in this section. Budget amount Gross income Budget item ven 1. $62,500 Tithe 2. $39,000 Taxes 3. $58,000 Housing 4. $47,000 Food 5. $52,500 Utilities Find the recommended annual amounts for the following couples to budget for the given item. Base your answer on the disposable income from Table 4.1. Gross income Budget item Budget amount 6. $66,000 Housing 7. $36,000 Food 8. $45,000 Transportation 9. $54,000 Debt reduction 10. $54,000 Clothing B.Exercises Find the amounts to budget annually for all items, excluding tithe and income taxes, for each family. Begin with the disposable income. item? 41, notio 11. Mr. and Mrs. Johnson with an annual income of $45,000 an to disposab 12. Mr. and Mrs. Santini with an annual income of $54,000 13. Mr. and Mrs. Mueller with an annual income of $66,000 14. Mr. and Mrs. Hansen with an annual income of $36,000 le spend 15. Recreation for the Jordans, who have no children and an annual gross income of $42,500 hat Find the recommended annual budget amount for the item indicated. e is 16. Housing for the Wilcoxes, who have no children and a gross income of $51,738. 2aigob Are the following families within the recommended budget for the item indicated? 17. The Lapiskas (no children) gross $55,800 and spend $4104 on transportation each year. 18. The Hills have no children, gross $40,000, and spend $1650 on clothing each year Table 4.1 Standardized Budget Percents Family of two-married couple $54,000 $66,000 $45,000 $36,000 10% Gross family income 10% 10% 10% Tithe 27% 24% 22% 21% Federal and state taxes 63% 66% 68% 69% Disposable income % $41,580 $35,640 $30,600 $24,840 Disposable income Percents below are to be multiplied by the disposable income. 32% 32% Housing 32% 33% 5% Clothing 5% 5% 5% Debt reduction 5% 5% 5% 5% Food 11% 10% 10% 11% Insurance 5% 5% 5% 5% Medical/dental 6% 6% 6% 6% Recreation 5% 5% 5% 5% Savings 8% 8% 9% 10% Transportation 12% 12% 12% 11% Utilities 7% 7% 6% Miscellaneous 6% 3% 4% Life insurance only; homeowner's and car insurance are in the housing and transportation categories 5% Includes rent or mortgage payments as well as real estate taxes, insurance, and maintenance. 5% The sovinge in Taxes 20% Housing 25% Tithe 10 % Food 7% Utilities 5% Miscellaneous 3% Clothing 5% Transportation 5% Savings 5% Recreation 5 % Medical 5% Insurance 5% larger percent than is recommended may need to be allotted for housing. This means the percents for other items must be reduced. A person who spends 28% of his income for housing is not going to sell the house just because a standardized budget recommends that he spend 25 %. The budgeter will need to decrease combined expenditures for other items. You are constrained by having exactly 100% of your income to spend or save. Careful planning of the initial budget and having the willpower to stick to the budget are the keys to financial responsibility. Learn to live within your budget and you can become a faithful steward of God's resources. To use a standardized budget, you will need to know about disposable income
