Answer:
$11,406.20
Step-by-step explanation:
7.65% of 4520 is
0.0765(4520) = 345.78. This is what is withheld for FICA.
11.75% of 4520 is
0.1175(4520) = 531.10. This is what is withheld for federal tax.
8.5% of 4520 is
0.085(4520) = 384.20. This is what is withheld for state tax.
This leaves 4520-(345.78+531.10+384.20) = 3258.92 for realized income.
Your fixed expenses are 30% of this; this means you keep 100-30 = 70% of your realized income. This is
0.7(3258.92) = 2281.24. This is the monthly amount you have after fixed expenses.
This means 5 months' worth is 5(2281.24) = 11460.20.