Given the personal cash flow statement in Table 3-2, use your own data to determine your disposable income at the end of the current year. Please include income from all sources, fixed expenses, and variable expenses.

UU Ulises, annual income on investments, divid gains on the sale of assets that have appreciated. are typically of two type. such as food, clothing, and automobile expenses and are called cotrol expenses because varies. For example, automobile expenses include gas, oil, and main We usually do not spend the same amount per month on automobile The second type of expenses are those over which we have little or no co such as mortgage payments, automobile loan or lease payments, proper insurance, income taxes, and loan payments, and are called fixed e which are often contractual in nature. ow Which incolli whic of assets that have appreciated. OUlD inst are those over which we havee variahl maintenance the amount that we spend each month or year TABLE 3-2 Jones Family, Personal Income Statement The Tom Jones Family Personal Income Statement (Cash Flow Statement) January 1, 2013, to December 31, 2013 INCOME Salaries Interest Income TOTAL INCOME $60,000 740 $60,740 FIXED EXPENSES Mortgage Payment Automobile Payment Property Taxes insurance Income Taxes Savings & Investment Personal Loan Payment TOTAL FIXED EXPENSES $9,600 5,040 1,235 4,500 5,032 1,200 900 $27,507 VARIABLE EXPENSES Food Transportation Utilities Clothes & Personal Recreation & Vacation TOTAL VARIABLE EXPENSES TOTAL EXPENSES $5,485 2,500 1,800 2,700 2,780 $15,265 (Cash Balance at the end of the year) $42,772 $17,968 UU Ulises, annual income on investments, divid gains on the sale of assets that have appreciated. are typically of two type. such as food, clothing, and automobile expenses and are called cotrol expenses because varies. For example, automobile expenses include gas, oil, and main We usually do not spend the same amount per month on automobile The second type of expenses are those over which we have little or no co such as mortgage payments, automobile loan or lease payments, proper insurance, income taxes, and loan payments, and are called fixed e which are often contractual in nature. ow Which incolli whic of assets that have appreciated. OUlD inst are those over which we havee variahl maintenance the amount that we spend each month or year TABLE 3-2 Jones Family, Personal Income Statement The Tom Jones Family Personal Income Statement (Cash Flow Statement) January 1, 2013, to December 31, 2013 INCOME Salaries Interest Income TOTAL INCOME $60,000 740 $60,740 FIXED EXPENSES Mortgage Payment Automobile Payment Property Taxes insurance Income Taxes Savings & Investment Personal Loan Payment TOTAL FIXED EXPENSES $9,600 5,040 1,235 4,500 5,032 1,200 900 $27,507 VARIABLE EXPENSES Food Transportation Utilities Clothes & Personal Recreation & Vacation TOTAL VARIABLE EXPENSES TOTAL EXPENSES $5,485 2,500 1,800 2,700 2,780 $15,265 (Cash Balance at the end of the year) $42,772 $17,968