Your new client, Manny, provided you with the following information about his income and expenses for last year:

His only source of income was his salary of $$200,000$

The only savings contribution he made was to his $401K,$ which he maxed out at $$30,000.$ Loan payments for his car and house were a total of $$42,000.$ He paid $$85,000$ in taxes $($income$,$ FICA, and property taxes$).$ His insurance payments on his home, auto, and umbrella policy were $$3,000($his employer covers all health, life, and disability premium$)$

Manny said he had no idea what his living expenses were. If his discretionary cash flow was $$0$ last year, how much would you estimate he spends on living expenses?

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