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6. Income and expense statement Skip and Jackie Garcia have been married for over two years. They have been trying to is never anything left
6. Income and expense statement Skip and Jackie Garcia have been married for over two years. They have been trying to is never anything left over to save. They talked with their parents who suggested that th Skip and Jackie put together the following worksheet. The following is some additional information. Income and Expense Statement Name(s): Skip and Jackie Garcia For the: Year / Ended: December 31,20X. Income Wages and salaries Bonuses and commis Investment income (1) Total Income: Expenses Expenses Housing Utilites Food Transportation Medical Clothing insurance Taxes Recreation and entertainment Other (2) Total Expenses: Cash 5 urplus or Deficit (12) : Skip and Jackie put together the following worksheet. The following is some additional information. - For income items, they knew yearly amounts. For expenses, in some cases they knew the annual amount (for example, Jockes commuter train pass). They listed those amounts and noted them as such. - Unfortunately, for other expenses, they provided last month's payment, stating that the amount didnt change much from manth to month. - Based on their employer-provided heaith insurance, they incur a copay of $15 per visit. They estimated that they saw the doctor (combined) 3 times during the year. - Jackie estimated that she spends about $100 a month on clothing and $220 a month on groceries. - They went on a Disney Cruise trip that cost $2,200. They took an additional $500 in spending money. That was their only vacationi
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