Ayaan's salary (annual salary based on 9 months)

$ 8,100.00

Rent for the family (monthly)

$ 2,650.00

Ayaan's credit card balance

(APR 4.8%)

$550.00

Dahir's withheld taxes (federal/state taxes, Medicare, and social security) $ 5,040.00

Utilities (electricity, gas, water) (monthly)

$150.00

Dahir's student loan monthly payment (APR 7.0%)

$500.00

Ayaan's withheld taxes (federal/state taxes, Medicare, and social security)

$972.00

Dahir's credit card monthly payment (APR 5.5%)

$250.00

Ayaan's student loan balance (APR 5.8%)

$42,000.00

Renter's insurance (yearly)

$180.00

Dahir's annual salary

$42,000.00

Dahir's student loan balance (APR 7.0%)

$ 3,500.00

Ayaan's checking account balance

$ 1,300.00

Dahir's credit card balance (APR 5.5%)

$ 5,500.00

Ayaan's credit card monthly payment

(APR 4.8%)

$300.00

Dahir's checking account balance

$ 3,800.00

Family's savings account balance

$ 8,800.00

Earning of 0.06% on their $8,800 in savings

$5.28

Annual health insurance costs

$ 7,188.00

Dahir 2015 Toyota Corolla car loan balance

$ 3,700.00

Annual copayment for doctor visits

$150.00

Ayaan's 2009 minivan estimated resale value

$ 3,000.00

Ayaan's yearly amount of fuel

$ 1,482.00

Dahir 2015 Toyota Corolla estimated resale value

$ 9,500.00

Dahir's yearly amount of fuel

$ 1,050.00

Dahir 2015 Toyota Corolla monthly car payment

(with APR 7.8%)

$250.00

Monthly family movie expense

$100.00

Annual cost for car insurance for Ayaan and Dahir

$ 6,090.00

Annual cost for car maintenance for Ayaan and Dahir

$852.00

Monthly take out food

$75.00

Monthly grocery costs

$750.00

Estimated value of Wii

$500.00

Dahir weekly lunch cost at work

$35.00

Monthly donation to mosque

$200.00

Estimated value of family furniture

$7,000.00

Monthly food donation cost for Warsame and friends

$35.00

Yearly road trip expenses

$ 1,260.00

Annual costs for school supplies

$ 1,200.00

New clothes for the children every six months

$360.00

Faduma's membership and supplies yearly costs for robotics

$240.00

Estimated value of Faduma's robotic equipment

$750.00

Warsame's yearly expenses on buying books

$60.00

Warsame's yearly expenses on art supplies

$240.00

Estimated value of Warsame's books and art supplies

$500.00

Monthly mobile family plan

$140.00

Directions: Develop a monthly cash flow statement for this couple (show your work - inflows (income i.e. money coming in) and outflows (expenses i.e. money going out). Calculate their surplus/deficit (show your work!).