Using the information from this unit, determine, in your opinion, the purchasing power and potential standard of living Josiah can have based on his disposable income. Josiah is a supervisor at McDonalds, and he makes $38,000 gross annually. He is paid monthly. He also receives 4% vacation pay per paycheque. His essential monthly expenses are as follows: Item Cost ($) Rent $800 Food $200 Utilities $200 Internet $80 Transportation $300 Child care $600 Show your work for the following calculations: Vacation pay CCP and El deductions Taxable income Federal and provincial tax Annual net income Monthly net income Monthly expenses Disposable income