Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 Make a personal income statement showing monthly income and expense sections similar to below. Show some personal creativity when you create the income statement.

image text in transcribed
4 Make a personal income statement showing monthly income and expense sections similar to below. Show some personal creativity when you create the income statement. I am looking for a presentation quality final product. Monthly Gross income SXX Less Tax (XX) Net Monthly Income XX This is an example for item 4. Where you see %'s are the items related to #15. Expenses Housing XX XX% Other XX XX% Total Expense XX Remainder XX XX% 5 Calculate some monthly percentages-show them where it makes sense and the reader can tell what you are doing a) Percentage of housing cost to total expense and then Other to total expense b) Percentage of total expense to total gross income c) Percentage of Remainder to total gross income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Solve the yellow boxes with excel formulas from the given data

Answered: 1 week ago