Solve the following problems. Show all of your work. Submit your homework via canvas. 1. Your client, Patricia, age 55, has the following budget: Salary $80,000 Federal/State Income Taxes FICA Contributions to 401(k) Work Related Expenses Living Expenses Entertainment $17,600 $6,120 $6,500 $3,500 $42,000 $3,000 In retirement, Patricia plans to live in much the way she lives today. However, she plans to travel, and budgets $10,000 per year that. She also plans on engaging in additional hobbies that would cost $5,000. Assume Federal/State income taxes of 20% per year. Put together a retirement budget using the bottom up approach for Patricia. Solve the following problems. Show all of your work. Submit your homework via canvas. 1. Your client, Patricia, age 55, has the following budget: Salary $80,000 Federal/State Income Taxes FICA Contributions to 401(k) Work Related Expenses Living Expenses Entertainment $17,600 $6,120 $6,500 $3,500 $42,000 $3,000 In retirement, Patricia plans to live in much the way she lives today. However, she plans to travel, and budgets $10,000 per year that. She also plans on engaging in additional hobbies that would cost $5,000. Assume Federal/State income taxes of 20% per year. Put together a retirement budget using the bottom up approach for Patricia