Calculate Mr$.$ Henderson's Net Change to Cash and Expense Ratio.

Clearly document each calculation and each step on a separate piece of paper $($pen$/$pencil and paper$--$no tablet$)$ for $0\mathrm{.}25$ bonus points.

Mr$.$ Henderson is your client and owns his own Hardware Store named Henderson Supply.

He pays himself a gross annual paycheck of $$78,000.$

He pays himself bi$-$weekly and has two paychecks for the month of August.

His filing status is Married, Filing Jointly, and he claims one West Virginia withholding Allowance.

He deposits $10\%$ of wis check into a retirement plan that is an Adjustment to his paycheck.

$10\%$ of his Adjusted Gross Pay also is deposited into a Savings Account. This contribution is withheld from his paycheck and is considered a

Paycheck Deduction.

His total outflows for the month of August are $$3,500.$

These outflows do not include any money withheld from his paycheck $($taxes$,$ adjustments, or paycheck deductions$).$

What is his Net Change to Cash for the month of August?

What was his Expense Ratio for the month of August?