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Question: based on the scenario fill out the table belowandnbspscenario 1...

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Based on the scenario, fill out the table below.

 

Scenario #1: Imani has just been hired as a content specialist at NewsCred, a local marketing firm in Manhattan. Her salary will be $42,000. However, her net income will only be $28,140 after taxes (Federal deducts 15%, State deducts 6.85%, City deducts 3.5%, Social Security deducts 6.2%, and Medicare deducts 1.45%). She has decided to move to South Slope, Brooklyn with one roommate. Her monthly rent will be $2,600 and heat and hot water will be included if she chooses to sign the lease. Furthermore, Imani is responsible for making her student loan payments ($150/month) as it has been seven months since her college graduation. She will also have to pay for her own health insurance (see budget below). She currently has $2,500 in her savings account at Chase Bank and $3,000 in her checking account at TD Bank.

Budget (November 2021): $28,140.00 (yearly salary after taxes) 

 

Expenses and Savings

COUNT

PERCENTAGE

Rent

1300

55.43%

Electricity

(100/2)= 50

 

Internet

(49.99/2)= 24.99

 

Gas 

30

 

Cell Phone

80.50

 

Health Insurance (GHI: Silver) 

420.00

 

Transportation (30-Day Metrocard)

127

 

Student Loan

150

 

Food

   

Personal Expenses (e.g., clothing)

   

Entertainment

   

Emergency Fund

   

Retirement Savings

   

Saved

   

Total Monthly Income

$

100%

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