Your good friends, Pistol Pete and his wife Petunia found out that you took this class. They now know you are an expert on Personal Finance and would like your advice. They invite you over for dinner to talk about their situation. Pete has been offered an amazing career opportunity. He is considering leaving his job as the Aggie mascot and moving to Miami, Florida to become the next Billy the Marlin, a Major League Baseball Team Mascot. Petunia is concerned that even though Pete will be making a much bigger salary, they might not be able to afford the move. Their household consists of the two of them plus their kids: Polly, age 15, Parker, age 10 and Penelope, age 5. What advice would you give the family on figuring out if this is a good move, financially speaking?

4. If Petes getting a big raise, does that mean theyll have more money to spend? What about taxes? (Federal and State Income Tax, Social Security, Medicare, Real Estate Taxes)