calculation the below ratios of personal budget. Net Income? Ratios ? Debt ratio ? Current ratio? Liquidity
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2023 2024 BUDGET Total ACTUAL Revenue TOTAL Jan Feb Mar Employment Income 3000 2500 2500 2500 Apr 2500 May 2500 Jun 2500 Jul 2500 Aug Sep Oct Nov Dec 2500 2500 2500 2500 2500 30000 Student Assistance N/A Other (specify) N/A Child support/spousal support N/A TOTAL REVENUE 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 Expenses Clothing 150 20 20 20 20 20 20 20 20 20 20 20 20 240 Communications Internet 150 150 150 150 150 150 150 150 150 150 150 150 150 1800 Phone 480 40 40 40 40 40 40 40 40 40 40 40 40 480 Technology, computer, TV etc. N/A Dining out 500 30 30 100 30 30 30 30 30 30 30 30 150 550 Donations N/A Education Tuition & expenses 5500 5500 Books 250 250 Supplies 100 20 1100 100 20 1000 100 20 7600 450 60 Childcare N/A Entertainment N/A Groceries 4800 350 350 350 350 350 350 350 350 350 350 350 350 4200 Healthcare Therapy not covered N/A Dental N/A Frecriptions N/A Insurance 960 80 80 80 80 80 80 80 80 80 80 80 80 960 Mortgage N/A Recreation N/A Rent 6000 500 500 500 500 500 500 500 500 500 500 500 500 6000 Transportation 900 75 75 75 75 75 75 75 75 75 75 75 75 900 Utilities 1200 100 100 100 100 100 100 100 100 100 100 100 100 1200 Vehicle Expenses (gas, service, maintenance) N/A Car Payments N/A Incidentals N/A Hygiene 200 30 10 10 10 30 10 10 30 10 10 30 10 200 Holiday or Trip (accommodation, travel, meals, incidentals) N/A Gifts/ Xmas/Birthday 700 150 150 150 150 600 Loans N/A Child or spousal support N/A Emergency Funds/monthly savings 900 100 100 100 100 100 100 100 100 100 100 100 100 1200 Other 22790 7245 1455 1525 2675 1475 1455 1455 1625 2725 1605 1475 1725 26440 TOTAL EXPENSES 2023 2024 BUDGET Total ACTUAL Revenue TOTAL Jan Feb Mar Employment Income 3000 2500 2500 2500 Apr 2500 May 2500 Jun 2500 Jul 2500 Aug Sep Oct Nov Dec 2500 2500 2500 2500 2500 30000 Student Assistance N/A Other (specify) N/A Child support/spousal support N/A TOTAL REVENUE 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 Expenses Clothing 150 20 20 20 20 20 20 20 20 20 20 20 20 240 Communications Internet 150 150 150 150 150 150 150 150 150 150 150 150 150 1800 Phone 480 40 40 40 40 40 40 40 40 40 40 40 40 480 Technology, computer, TV etc. N/A Dining out 500 30 30 100 30 30 30 30 30 30 30 30 150 550 Donations N/A Education Tuition & expenses 5500 5500 Books 250 250 Supplies 100 20 1100 100 20 1000 100 20 7600 450 60 Childcare N/A Entertainment N/A Groceries 4800 350 350 350 350 350 350 350 350 350 350 350 350 4200 Healthcare Therapy not covered N/A Dental N/A Frecriptions N/A Insurance 960 80 80 80 80 80 80 80 80 80 80 80 80 960 Mortgage N/A Recreation N/A Rent 6000 500 500 500 500 500 500 500 500 500 500 500 500 6000 Transportation 900 75 75 75 75 75 75 75 75 75 75 75 75 900 Utilities 1200 100 100 100 100 100 100 100 100 100 100 100 100 1200 Vehicle Expenses (gas, service, maintenance) N/A Car Payments N/A Incidentals N/A Hygiene 200 30 10 10 10 30 10 10 30 10 10 30 10 200 Holiday or Trip (accommodation, travel, meals, incidentals) N/A Gifts/ Xmas/Birthday 700 150 150 150 150 600 Loans N/A Child or spousal support N/A Emergency Funds/monthly savings 900 100 100 100 100 100 100 100 100 100 100 100 100 1200 Other 22790 7245 1455 1525 2675 1475 1455 1455 1625 2725 1605 1475 1725 26440 TOTAL EXPENSES
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To calculate these ratios for personal budgeting you need certain financial information Heres how yo... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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