Question

Leyla and Larry Hartley of Columbus, Ohio have decided to start a family next year, so they are looking over their budget (Illustrated in Table 3-5 as the "young married
couple"). Leyla thinks that she can go on half-salary ($2,400 Instead of $4,800 per month) in her job as a college textbook sales representative for about 18 months
after the baby's birth; she will then return to full-time work.
a. Looking at the Hartley's current monthly budget, Identify categories and amounts in their budget where they realistically might cut back $2,400. (Hint: Federal
and state taxes should drop about $600 a month ($7,200 annually) as their Income drops.)

Answer 1

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