This first question would be using a salary of 40,000 a year.

s/FinalExam%20(1).pdf 1. (50 points) Budgeting Make a budget for yourself/your family based on 65% of your new salary (the rest will go to taxes, and other deductions). If you are moving to a different city, you can use https: //www. zillow. com/ to find the average rent for a house/apartment of your choosing and you can use this website https://www. bestplaces.net/cost-of-living/ for cost of living comparison. If you own your house, budget for your mortgage payments or the taxes/insurance. Remember to budget for expenses such as student loans, moving expenses, and if possible, savings. Assume in the next 10 years you will get raises that are compatible with the inflation. Use the following table (yes, from last exam) to predict future inflation rates and make a table with your new salary each year (starting with 2022 to 2031). Year Inflation Rate Year Inflation Rate 2010 1.5% 2015 0.7% 2011 3% 2016 2.1% 2012 1.7% 2017 2.1% 2013 1.5% 2018 1.9% 2014 0.8% 2019 2.3%