Question: You earn $ 1 7 . 5 0 / hr and work 4 0 hr / wk . Your deductions are FICA ( 7 .

You earn $17.50/hr and work 40 hr/wk. Your deductions are FICA (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). Your housing and fixed expenses are 30% of your realized income per month. You want to save 5 months' worth in an emergency fund within a year. How much do you need to save per month to fund the emergency fund, and how much discretionary money remains per month?Be sure to include in your response:the steps you followed to complete your computationsthe answer to the two questions

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