Ben Fleming has just received a job offer of $\$ 35,000$ salary per year plus overtime pay, which will amount to $10 \%$ of his salary. The following is Ben's estimates of his living costs.

Federal, state, and FICA taxes amount to

$35 \%$ of income Rent $\$ 550$ /month Utilities $\$ 90 /$ month Car payment. $\$ 210$ /month Gas and maintenance-automobile. . . . . . . . . . . . . . . . . . . . . . \$130/month Insurance $\$ 75 /$ month Food. $\$ 240$ /month Entertainment $\$ 170 /$ month IRA. $\$ 1,500 /$ year Other savings $4 \%$ of net take-home pay Clothing Required: 1. Prepare a budget for the year. Assume Ben starts his job on January 1.

2. Is Ben's offer sufficient to meet his projected expenses?

3. It has always been a dream of Ben's to go on a big-game hunt in Africa. The cost of the hunt will be $\$ 5,000$. How long will it take Ben to save for the trip?