1. **Problem statement:**
Marcia earns 2500 per month, pays 6% income tax and 7% social security. We need to find her net salary.
2. **Formula for net salary:**
$$\text{Net Salary} = \text{Gross Salary} - (\text{Income Tax} + \text{Social Security})$$
3. **Calculate deductions:**
Income tax = $2500 \times 0.06 = 150$
Social security = $2500 \times 0.07 = 175$
4. **Calculate net salary:**
$$\text{Net Salary} = 2500 - (150 + 175) = 2500 - 325 = 2175$$
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5. **Problem statement:**
Calculate total expenses when living with parents.
6. **Sum expenses:**
Food at home = 600
Food eating out = 200
Transportation = 200
Personal care = 250
Clothing = 200
Cell phone bill = 100
Entertainment = 150
7. **Total expenses:**
$$600 + 200 + 200 + 250 + 200 + 100 + 150 = 1700$$
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8. **Problem statement:**
Calculate percentage of salary saved when living with parents.
9. **Calculate savings:**
Savings = Net salary - Total expenses = 2175 - 1700 = 475
10. **Calculate savings percentage:**
$$\frac{475}{2500} \times 100 = 19\%$$
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**Final answers:**
- a) Net salary = 2175
- b) Total expenses = 1700
- c) Percentage saved = 19%
Marcia Finances 3Ec2Bf
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