Question
30. Julie and Alex have compiled their financial records and would like to know if they are living within their level of income. What is
30. Julie and Alex have compiled their financial records and would like to know if they are living within their level of income. What is their surplus?
| Salaries | $48,000 |
| Interest income | $1,200 |
| Food expenses | $10,500 |
| Rent | $14,400 |
| Clothing costs | $3,600 |
| Auto expenses | $4,200 |
| Recreation | $4,800 |
| Miscellaneous expenses | $3,400 |
|
| a. | $7,100 |
|
| b. | $8,300 |
|
| c. | $9500 |
|
| d. | $12,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
