The following figures represent Shirley income and expenses:

Wages: full time @$50/hr.; part time (25 hrs/wk) @40/hr.

Social Security Tax = 5% of total wages

Clothing = $250/mo.

Mortgage = $800/mo.

Trust Fund Income = $650/mo.

Property Taxes = $4800/yr.

Food = $100/wk.

Savings = $365/mo.

Medical expenses = $50/wk.

Transportation expenses = $150/wk.

Credit card expenses = $125/wk.

A] Based on the figures above what is Shirleys discretionary income (show calculations).

B] Shirley would like to purchase a car at the end of the next 12 months. She plans to save an additional 20% of her discretionary income over that period. She also has a bond that will mature at the end of this year. That bond will pay her $10,000. That money will also be used toward the car purchase. The car cost $31,500. Will Shirley be able to purchase the car at the end of the next 12 months (show your calculations)?

If not how much more will she need?