Q1

Find the median pay for this occupation.Enter this median pay into theTake-Home Pay Calculator(Links to an external site.)

provided by Calculator.net (http://www.calculator.net/take-home-pay-calculator.html?cannualincome=40000&cpayfrequenc).As requested, make the necessary adjustments for filing status, retirement contributions, and other options to match your situation.Click on "Calculate" to determine the "actual income" this job promises to bring into your household budget twice a month.Enter your bimonthly take-home pay here.Is your bimonthly net pay higher or lower than that of the $1,500 from the previous budgeting assignment?Which items do you plan to adjust upward or downward in your budget to accommodate this difference in pay?Explain.