[dsmith76544]

I think I got it just need a little help!
Please help!!

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. Ben estimates his living costs as follows:
Federal, state, and FICA taxes amount to.. . 35% of income
Rent.. . $550/month
Car payment.. . $210/month
IRA.. . $1,500/year
Other savings.. . 4% of net take-home pay
Utilities.. . $90/month
Gas and maintenance—automobile.. . $130/month
Insurance.. . $75/month
Food.. . $240/month
Entertainment.. . $170/month
Clothing.. . $80/month
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. Ben has always dreamed of going to Africa to photograph wildlife. The trip will cost
$5,000. How long will it take Ben to save for the trip? (Ignore interest earnings, and assume
That he has no savings at the present time.)

[dsmith76544]

Would someone please check this:
Monthly Yearly
Annual income $35,000 Tax Fed State FICA $13,475
Over time $3,500 IRA $1,500
Gross Pay $38,500 Rent $550 $6,600
Car payment $210 $2,520
Ins $75 $900
Utilities $90 $1,080
Gas,maintenance-auto $130 $1,560
Food $240 2880
Clothing $80 $960
Entertainment $70 $840
Total $38,500 Total $1,445 $32,315
Expences $32,315
$6,185.00
Just over eight years