health, welfare, and social services; job training; schools; and parks. taxes fund public schools…

health, welfare, and social services; job training; schools; and parks. taxes fund public schools, subsidized school lunches, libraries, bank regulations, and scientific research. all of the above. question 17 (4 points) you are developing a mid - term financial plan for the next five years. you anticipate an annual income of $40,650. your estimate living expenses for both needs and wants to be $20,575 per year, and you plan to save $11,025 annually for retirement. you also want to save for a down payment on a home and build your emergency fund. considering these figures, how much will you have left for additional savings? enter the dollar amount rounded to the nearest cent. your answer:

health, welfare, and social services; job training; schools; and parks. taxes fund public schools, subsidized school lunches, libraries, bank regulations, and scientific research. all of the above. question 17 (4 points) you are developing a mid - term financial plan for the next five years. you anticipate an annual income of $40,650. your estimate living expenses for both needs and wants to be $20,575 per year, and you plan to save $11,025 annually for retirement. you also want to save for a down payment on a home and build your emergency fund. considering these figures, how much will you have left for additional savings? enter the dollar amount rounded to the nearest cent. your answer:

Answer

Explanation:

Step1: Define income and expenses

Let income $I = 40650$, living - expenses $E=20575$, retirement - savings $R = 11025$.

Step2: Calculate additional savings

Additional savings $S=I - E - R$. Substitute the values: $S=40650-20575 - 11025$. First, $40650-20575=20075$. Then, $20075-11025 = 9050$.

Answer:

$9050.00$