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Mathematics, 15.03.2020 06:49 ashleyallred3299

You are planning a trip to Spain in the summer of 2009. You estimate for an entire month in Spain, you will need $7,139.00
(This includes Airfare, room and board, daily expenses, and a Eurail Pass). You save for 7 months and your monthly gross
salary is $2770.22. Given that Social Security is 6.2% of your semi-monthly income, Medicare is 1.45% of your semi-
monthly income, your monthly expenses are $1,200, and you pay State and Federal taxes in the amount of $52.00 and
$101.00 respectively semi-monthly, how much will you have saved up and will you have saved enough to visit Spain in
August? Round all your answers to the nearest cent.
a. $7,366.10; yes
c. $6,281.22; no
b. $7,465.32; yes
d. $7,010.22; no

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