What is the amount of Laura’s monthly cash outflows if she chooses to rent the apartment by her herself?Use the rent amount for the one bedroom apartment to complete her budget? ation 1: Repr.. Sora-Exploreс4Common Lit | Login...Her cell phone is $125 per month.. Laura spends $25 per week for drinks and snacks.. She also eats out 4 times a week and estimates that she spends $68 each week.Laura spends $150 per month on groceries.f.Laura is planning to rent a one-bedroom apartment that is close to her new job. She checked hercredit score and discovered that it was 600, which will require her to have a co-signer on therental agreement.. Laura will be required to pay a $200 security deposit and the first and last month's rent of$675.. The rent will be due by the 5th of each month.. The apartment complex estimated that she would spend $150 per month for the gas,water, and electric utilities.Laura's best friend Sandra asked her to rent a 2-bedroom apartment with her.. The total rent is $800.The total security deposit is $200.. Laura and Sandra would split the cost of the rent and security deposit.. They must pay the first and last month rent, and security deposit upon signing the rentalagreement.. The apartment complex estimated that they would spend $300 per month for the gas,water, and electric utilities.%98Laura will use furniture that her parents gave her until she can afford to buy new furniture.However, she does need to purchase a few small kitchen appliances, as well as dishes andeating utensils.5WebElements Perio... C Clever | Portal G what is ultraviolet-...At6ASUSOlly&7hO*8uOInterview: Director S...(9O000000AR10k)O0| 1рUS 6:00[11 55C$4Laura Avila is a 20-year-old female who recently graduated from CNM with her associatesdegree in business. She has accepted a job as an office manager with ABC Business Solutionsfor $35,000 gross annual salary per year. ABC Business Solutions pays its employees on aweekly basis.Use the following when calculating Laura's weekly net income:. Federal Income Tax $75.00. Social Security 6.2%. Medicare 1.45%. State Income Tax 5%fCASH OUTFLOWS (Expenses):Her parents recently moved out of state, so Laura is responsible for her own living arrangementsand budget. ABC Business Solutions requires employees to dress in business professionalclothes. The clothes she currently wears include khaki pants, polo shirts, blouses, and button upshirts. ABC Business Solutions informed her that this is considered business casual and canonly be worn on Fridays. Laura estimates that she will need to spend $200 for businessprofessional clothing as a one-time expense.Laura plans to start her bachelor's degree in business next year. She has not yet decided whichuniversity she will attend. She received a Pell grant and a federal student loan to pay her tuitionand books for her associates degree. Since she has not yet started her bachelor's degree, sheis not eligible for a student loan deferment. Her monthly student loan payment will be $150 andstarts next month.. Laura's car payment is $225 per month for the next 4 years.. Her car insurance is $132 per month.She estimates that she will spend $50 per month for gasolineM57%DOrAg6ASUSOll&y7O*u89{1DODDOOE3080hk✓O0рUS 6:00JD11ba

Answered: Image /qna-images/answer/f3da9fb8-ec3a-4723-96ea-3786b15075b1.jpg

Laura Avila is a 20-year-old female who recently graduated from CNM with her associates degree in business. She has accepted a job as an office manager with ABC Business Solutions for $35,000 gross annual salary per year. ABC Business Solutions pays its employees on a weekly basis. Use the following when calculating Laura's weekly net income: Federal Income Tax $75.00 Social Security 6.2% Medicare 1.45% State Income Tax 5% . . . CASH OUTFLOWS (Expenses): Her parents recently moved out of state, so Laura is responsible for her own living arrangements and budget. ABC Business Solutions requires employees to dress in business professional clothes. The clothes she currently wears include khaki pants, polo shirts, blouses, and button up shirts. ABC Business Solutions informed her that this is considered business casual and can only be worn on Fridays. Laura estimates that she will need to spend $200 for business professional clothing as a one-time expense. Laura plans to start her bachelor's degree in business next year. She has not yet decided which university she will attend. She received a Pell grant and a federal student loan to pay her tuition and books for her associates degree. Since she has not yet started her bachelor's degree, she is not eligible for a student loan deferment. Her monthly student loan payment will be $150 and starts next month. . Laura's car payment is $225 per month for the next 4 years. Her car insurance is $132 per month. She estimates that she will spend $50 per month for ancolino

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter3: Preparing Your Taxes

Section: Chapter Questions

Problem 2FPE: ESTIMATING TAXABLE INCOME, TAX LIABILITY, AND POTENTIAL REFUND. Hannah Owens is 24 years old and...