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Fred's after tax income is $3600 a month and his expenses are generally $3600 as well. Last month he had a car accident which

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Fred's after tax income is $3600 a month and his expenses are generally $3600 as well. Last month he had a car accident which resulted in a $2000 unexpected expense due to the deductible on his insurance and he covered that expense with his credit card. What is the best way to describe his situation?

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