Date: For the year ended December 31, 2010 Dollars Percent INCOME Skip's salary Jackie's salary Bonus Interest and dividends Total Income EXPENDITURES Fixed Expenses Rent expense Skip's income taxes Jackie's income taxes Automobile loan payments Education loan Phone Transportation Automobile insurance and registration Total fixed expenses Variable Expenses Food Gasoline and maintenance Vacations Clothing Miscellaneous (Skip's withdrawals Medical expenses Cash received & income taxes Cash payments: Skip's salary $25,250 Rent $1,250 Jackie's salary 23,988 School Loan 13 Skip's bonus 3,788 Train pass (year) 900 P&G dividend 16 Car payment 410 Savings interest 13 Auto insurance (year) 225 Maine Power Income taxes: 50 Skip 4,545 AT&T 71 Jackie 4,318 Here is some additional information: For income items, they know yearly amounts. For some expenses, they know the annual amount (for example, Jackie's monthly commuter train pass). They listed those amounts and noted them as such Unfortunately, for other expenses, they provided the payment they made last month, stating that the amount doesn't change much from month to month. Based on their employer-provided health insurance, they incur a copay of $25 per visit. They estimated that they saw the docto combined five times during the year Skip estimated that he spends about $60 a week on gas and maintenance for their two cars, and he takes out $100 for spending money every week. Jackie estimated that she spends about $100 a week on groceries and $175 a month on clothing. She never has cash and uses her cred cards for everything They went on a Princess Cruise that cost $2,200; they took an additional $500 for spending. That was their only vacation