prettyboy20202 u know who dis is? dis radio O_O 11 months ago 11 months ago

1. siegel

do you have any questions?

2. prettyboy20202

yes

3. siegel

ok shoot

4. prettyboy20202

Mortgage (monthly) \$985.64 Cell phone (monthly) \$58.30 Groceries (twice a month) \$154.00 Clothing (monthly with 25% job–related) \$180.00 Water & electric (monthly) \$128.40 Weekly dinner & movie \$55.00 Property taxes (6 months) \$684.80 Car insurance (quarterly) \$330.00 Your realized income is \$2,943.20/month. How much are your fixed expenses each month? How much could you save per month if you take 25% of your discretionary monies and put it in a savings account?

5. prettyboy20202

have to show steps

6. dakari22

add all the costs then subtract from 2,943.. then times or divide remainig amount by 25%

7. siegel

Sorry I wish I could help I'm terrible at income problems. If you ever need algebra help, don't be afraid to ask.

8. dakari22

total cost is \$2576.14 all expenses the 2943.20-2576.14=367.26 left over

9. prettyboy20202

can u help meh wit one more ?

10. dakari22

then i think 367.26x.25=81.82 per month

11. dakari22

x means to times... not the algebra symbol :P

12. prettyboy20202

thanks can u help with another?

13. dakari22

uh i will try

14. prettyboy20202

Your gross income is \$4,520.00/month. Your deductions are FICA (7.65%), federal tax withholding (11.75%), and state tax withholding (8.5%). Your fixed expenses are 30% of your realized income. You saved 5 months' worth in an emergency fund, placing 75% in a 60-day CD at a 5.25% APR and the rest in a regular savings account at a 3.8% APR. What is the total amount of your emergency fund? How much is in the CD and savings account? How much is the total interest earned between both accounts in 60 days?