Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Copy of Budget x Copy of Budget x New Tab CCPS Budgeting Exan X X + The Treniers--1 x x Budgeting Exan X * Course

image text in transcribedimage text in transcribed
Copy of Budget x Copy of Budget x New Tab CCPS Budgeting Exan X X + The Treniers--1 x x Budgeting Exan X * Course Hero - C 0 docs.google.com/presentation/d/175TipjTwJaPVRQMdOmq2DywuHSyfw_vocpshPIhG7wY/edit#slide=id.g14808efc7ab_2_127 New folder M 9 4 4 BT @ @ @ BrickLink - Global C... !) Nathan Multilanua... Go Instagram Copy of Budgeting Examples * D & SI File Edit View Insert Format Slide Arrange Tools Extensions Help 6 2 5 5 Q - A Dog\\- |Background | Layout Theme Transition Budget for Dakota & Natashia Dale Budget for Mason & Sophia Smith Pull these highlighting bars over anything you want to highlight in the article. Pull FIXED EXPENSES Monthly Yearly NET MONTHLY INCOME Monthly Yearly the corners to change the size. ent/house payment Income from job 1 Utilities income from job 2 Car payment other income Insurance Payments Total Income Cell phone SAVINGS Monthly Yearly TV/Internet savings Total Fixed Expenses Investments VARIABLE EXPENSES Monthly Yearly College Savings Fund Food/Groceries Total Savings 15 Repairs (car, home, etc. Personal care Total monthly income Entertainment Total Monthly Expenses Gas and subway fare Clothing = TOTAL Gift/donations - Monthly savings Budget for Mason & Sophia Sman Other/misc. = TOTAL CASH SURPLUS (Monthly) Total Variable Expenses x 12 x 12 TOTAL EXPENSES [Fixed + Variable) = CASH SURPLUS (Yearly) Click to add speaker notes 73 F Clear Q Search PCCopy of Budget x Budgeting Exan x *Course Hero x The Treniers--1 x & CCPS x Budgeting Exan x Copy of Budget X X New Tab + C D docs.google.com/presentation/d/175TipjTwJaPVRQMdomq2DywuHSyfw_vocpshPlhG7wY/edit#slide=id.g14808efc7ab_2_124 New folder M Q 4 5 8 5 0 5 0 @ BrickLink - Global C... !) Nathan Multilanua... G o Instagram Copy of Budgeting Examples * D & Slic File Edit View Insert Format Slide Arrange Tools Extensions Help A fu g \\ - Background Layout Theme Transition 10 3 Budget for Dakota & Natashia Dale Budget for Mason & Sophia Smith Pull these highlighting bars over anything you want to highlight in the article. Pull the corners to change the size. Average Monthly Expense Monthly Amount About Mason and Sophia Smith: Housing - house payment $2,200 Mason and Sophia are both 40 years old and Gas and subway fare $300 Budget for Dakota working full-time. Mason works as a Supervisor at a Clothing $100 power plant, making a net monthly income of $3,575. Car payment $325 Sophia works in a bank, and her net income is $4,435. The Smiths have $8,000 in savings and $22,000 in Entertainment $225 investments. They have two children and own a home in Groceries $420 the suburbs with a house payment of $1,980/month. Cell phone bill $129 Terrance drives to work daily, and Sophia takes the subway each day. Their financial goals are to pay off their 5 budget for Mayan & Sephin Smith Personal care/hair cuts $55 Repairs for car, home, and misc. house and begin a college fund for their kids. They are $129 investing $500/month for retirement. What is their Internet and TV $110 monthly cash surplus (the money left after their bills and Utilities $180 investments are paid) if they contribute $1,000/month Insurance (car, health, life) $360 to a college fund? Donations/gifts $120 Use the chart to complete the budget. Budget for Mason & Sophia Smith Misc. $200 Investment for retirement $50 College fund $1,000 Click to add speaker notes 73OF Clear Q Search PC

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

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions