pelase someone help me im in grade 9 intro to business i need this i have no clue and its due tonight

Question:

Monthly BudgetAssignmentNancy and Shawn Miller are a newly married couple in their early 30s. They are currently renting a one-bedroom apartment in the city but would like to purchase a two-bedroom condominium within the next two years. Their combined gross annual income is $96 000. Each month, they pay $700 in wedding debt and $610 for student loans. Rent is $1200 and includes utilities. Their monthly transit passes cost $200. They spend $520 each month on groceries and an additional $275 for cable, Internet, and telephone. Approximately $250 is spent every month on clothing. They like to have about $350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs. They would like to save $15 000 over the next two years for a down payment. Create a monthly budget for Nancy and Shawn. Assume tax deductions of 30 percent

Explanation:

Gross Income- 96, 000

Deductibles- $700 (wedding debt) and TAX (30%)

Necessities

Rentxxx 12000 RENT

Debt $700 (wedding debt) and 610 (student loans)

Paymentsxxx

Student Loan Payments 610 (student loans)

xxxCable,  Phonexx Internet, 275 (cable, internet etc)

xGroceries 520 (groceries)

xxxTransit Passesxxx 200 (transit)

Clothes 250 (clothing)

= TOTAL COST:  15,255    INCOME AFTER COSTS: 80,745

$350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs.  

$15 000 over the next two years for a down payment

The total after paying for the above things, is 80,745. If they want 350 a week for leisure and 15000 for a down payment... they would have 65,395! :) Divide that by 12 months, and you would have 5,449!

HOPE THIS HELPS! :)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

c

explanation: