Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ch 02: Assignment. Using Financial Statements and Budgets 6. Income and expense statement Sam and Joan Wallingford have been married for over two years. They

image text in transcribed
image text in transcribed
image text in transcribed
Ch 02: Assignment. Using Financial Statements and Budgets 6. Income and expense statement Sam and Joan Wallingford have been married for over two years. They have been trying to save for down payment on how, but they feel that there is never anything to tverto save. They talked with their parents who gested that they prepare an income and expensie statement Sam and Joan put together the following worksheet. Worksheet Car payment 35 Serving account interest 539 S'com 2,813 School 2011 Commuter train pass yen 4,356 Texes 15M dividend 163 Sam 3,375 Renters Insurance [year] Joan 3,206 Cartel Mone Power bal Wager salaries Mube 130 11,750 Rent 725 Joan 3 105 The following some information For comments Forechyer som HE acer DU ON 3 4 96 5 6 backa 7 B 0 q w e r t u i O a S d f g h k Z ? X c V b n m alt alt ctn 102: Assignment - Using Financial Statements and Budgets Dollars $18,750 17,81300 2,813 163 Income and Expense Statement Name(s): Sam and Joan Wallingford For the Year Ended: December 31, 20xx Income Wages and salaries Name: Som Wallingford Name: Joan Wallingford Bonuses and commissions Sam's commission Investment income TBM dividend received Savings account (1) Total Income: Expenses Housing Rent or mortgage payment (include Insurance and taxes, it applicable) Utilities Gas, electric, water Phone Food Groceries Transportation Public transportation Auto loan Medical Health major medical, disability insurance payroll deductions are not provided by employer) Clothing Gothes, Shoes, and accessories Insurance Rental or homeowners Insurance (if not covered by mortgage payment) Titxes Sams income and Social Security 8,700 1,656 3,480 4,356 125 2.100 435 Taxes Sam's income and Social Security Joan's income and Social Security Vacations Recreation and entertainment Other 3,206 2,250 2,616 S School loon (2) Total Expenses Cash Surplus or Deficit (1-2): S Grade It Now Save & Continue Continue without saving Ch 02: Assignment. Using Financial Statements and Budgets 6. Income and expense statement Sam and Joan Wallingford have been married for over two years. They have been trying to save for down payment on how, but they feel that there is never anything to tverto save. They talked with their parents who gested that they prepare an income and expensie statement Sam and Joan put together the following worksheet. Worksheet Car payment 35 Serving account interest 539 S'com 2,813 School 2011 Commuter train pass yen 4,356 Texes 15M dividend 163 Sam 3,375 Renters Insurance [year] Joan 3,206 Cartel Mone Power bal Wager salaries Mube 130 11,750 Rent 725 Joan 3 105 The following some information For comments Forechyer som HE acer DU ON 3 4 96 5 6 backa 7 B 0 q w e r t u i O a S d f g h k Z ? X c V b n m alt alt ctn 102: Assignment - Using Financial Statements and Budgets Dollars $18,750 17,81300 2,813 163 Income and Expense Statement Name(s): Sam and Joan Wallingford For the Year Ended: December 31, 20xx Income Wages and salaries Name: Som Wallingford Name: Joan Wallingford Bonuses and commissions Sam's commission Investment income TBM dividend received Savings account (1) Total Income: Expenses Housing Rent or mortgage payment (include Insurance and taxes, it applicable) Utilities Gas, electric, water Phone Food Groceries Transportation Public transportation Auto loan Medical Health major medical, disability insurance payroll deductions are not provided by employer) Clothing Gothes, Shoes, and accessories Insurance Rental or homeowners Insurance (if not covered by mortgage payment) Titxes Sams income and Social Security 8,700 1,656 3,480 4,356 125 2.100 435 Taxes Sam's income and Social Security Joan's income and Social Security Vacations Recreation and entertainment Other 3,206 2,250 2,616 S School loon (2) Total Expenses Cash Surplus or Deficit (1-2): S Grade It Now Save & Continue Continue without saving

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Problems In State High School Finance

Authors: Julian Edward Butterworth

1st Edition

0554798298, 9780554798295

More Books

Students also viewed these Finance questions