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undefined 1. The following figures represent Shirley's income and expenses: Wages: full time @$50/hr.; part time (25 hrs/wk) @40/hr. Social Security Tax = 5% of

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1. The following figures represent Shirley's 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 Shirley's discretionary income (show calculations). B] Shirley would like to purchase a car at the end of the next 12 months. She plans to save a 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 costs $39,500. Will Shirley be able to purchase the car at the end of the next 12 months (show your calculations)? If not how many more months must she save

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