Tim is 38 years old, and his current gross monthly income is $3,200. Given an average personal tax rate of 32% for his federal, and local taxes, Tim's net monthly income is ___. If he follows the advice of financial experts, what is the maximum amount that he should spend to purchase a new vehicle? Blank option ($4,224; $2,176; $4,480)
a $1,088 b $435 c $2,176