Suppose the annual salary of your first $$real$$ job is $$48,000.$ Assume your total tax deductions per

paycheck will average $25\%.$

a$)$ What is the amount you would $$take home$$ per month?

b$)$ Assuming that your monthly living expenses make up $75\%$ of your take home pay, what is the

minimum amount you should maintain in a liquid savings account?

c$)$ Assuming that you have no savings established when you begin this job, let$$s map out a savings plan

for yourself. Assuming you are able to set aside a recommended $10\%$ per month, how long will it take

for you to accomplish the minimum goal in question $3$b$$ above? Consider a rate of return on a simple

savings account of $2\%$ with monthly compounding.