You currently make $$$$26\mathrm{.}50$ per hour working $50$ hours per week for $51$ weeks a year.

a$.$ What is the maximum monthly expenses you can afford without going into debt$($without spending more than you make after$$ taxes$)?$

b$.$ What monthly expenses will give you a personal savings rate of $14\%?$

Question content area bottom

Part $1$

a$.$ The maximum monthly expenses that can be afforded is $$$

$$

enter your response here.

$($Round to the nearest cent as$$ needed.$)$