Name: . Corporate Financial Decisions April 15, 2021 Exam 3 - Fabricare Exam Directions: 1) Provide enough detail on calculations to allow the instructor to understand how the answer was calculated....

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Name: . Corporate Financial Decisions April 15, 2021 Exam 3 - Fabricare Exam Directions: 1) Provide enough detail on calculations to allow the instructor to understand how the answer was calculated. 2) Write in complete sentences. 3) Treat each question as completely separate from all other questions. Please do not assume that the instructor will re-read other questions when grading any exam question. Exam Questions: 1) Question 1 from the case. Please include analytical answers with detail per exam direction #1 2) Question 2 from the case. (Please respond to all parts of question 2) 3) Please discuss Social Security’s retirement benefits, including: a) who pays in to Social Security, and at what amount, b) how is the retirement benefit calculated, (including bend points and sample amounts based on made-up numbers of your choosing), c) what change can you elect to make that will increase or decrease the monthly retirement benefit amount and what is the numeric impact of said change, and what are the outer limits on this change that you can elect to make (that will increase or decrease the monthly benefit amount), and d) What can be done by Congress to make Social Security long-term financially viable? 4) Personal budget - Hypothetically, you have just accepted your first professional position that provides a salary of $54,399 per year. Using Excel or clearly showing your math on another program (handwritten is OK as well), please generate a net payroll annual amount, calculated from your $54,399 gross annual salary amount and reduced by at least 5 required or optional categories of expenses that are paid pre-tax, and 2) Generate a 3 month salary with a column for each pay day, showing net pay as a starting amount at the top, and at least 5 expenses specified covering every major category that you'll spend money on, and the dollars left over each pay day after those expenses are paid, which must be zero or a positive number. If you're skipping one or more categories of expenses such as b/c you're living with your parents, please so state. FINANCIAL MANAGEMENT Case Studies Financial Management.pdf