Answer:
No ; $625 ; cut down expenses
Explanation:
Annual Gross =$96000
Amount after tax : (1 - 0.3) * 96000 = $67,200
Monthly Total Expenses :
$(700 + 610 + 1200 + 200 + 520 + 275 + 250 + (350*4)) = $5,155
After - tax monthly :
67,200 / 12 = $5600
Amount left :
$5600 - $5155 = $445
If total amout left is saved for 2 years :
Amount saved = ($445 * 24) = $10,680
$10,680 < $15,000 ; therefore, it won't be enough for the purchase.
Monthly saving to earn $15000 in 2 years
2years = 24 months
$15000 / 24
= $625
Grocery expenses , clothing, discretionary cost and cable expenses could be all be cut down in other to increase saving.
