Solve the Problem. -Suppose Your After-Tax Income Is $40,040. Your Annual Expenses Are

True/False

Solve the problem.
-Suppose your after-tax income is $40,040. Your annual expenses are $25,017 for rent, $6199 for food and household expenses, $1253 for interest on credit cards, and $7374 for entertainment, travel, and
Other. You expect to get a 25% raise next year. Could you afford $4782 in tuition and fees without
Going into debt?