Problem 2: 6pts) Suppose your after-tax income is $28,000. Your annual expenses are $8000 for rent, 54500 for food and household expenses, S1600 for interest on credit cards, 510.400 for entertainment, travel, and other & Compute the net income and state whether you have a surplus or a deficit b. Next year, you expect to get a 2% raise, but plan to keep your expenses unchanged. Will you be able to pay off S5200 in credit card debt? Explain c. As in part (b), assume you get 2% raise next year. If you can limit your expenses to 1% increase, could you afford S3500 for a wedding and honeymoon without going into debt