Income and Expense Statement

Name$($s$)$: Sam and Joan Wallingford

For the: Year $|$ Ended: December $31,20$XX

Income Dollars

Wages and salaries Name: Sam Wallingford $$40,000$

Name: Joan Wallingford

Bonuses and commissions Sam$$s commission $6,000$

Investment income Apple dividend received $210$

Savings account

$(1)$ Total Income:

$

Expenses

Housing Rent or mortgage payment $($include insurance and taxes, if applicable$)17,400$

Utilities Gas, electric, water

Phone $3,312$

Food Groceries $6,960$

Transportation Public transportation $8,700$

Auto loan

Medical Health, major medical, disability insurance $($payroll deductions are not provided by employer$)980$

Clothing Clothes, shoes, and accessories $4,800$

Insurance Rental or homeowner$$s insurance $($if not covered by mortgage payment$)870$

Taxes Sam$$s income and Social Security

Joan$$s income and Social Security $6,840$

Recreation and entertainment Vacations $4,900$

Other School loan $5,220$

$(2)$ Total Expenses:

$

Cash Surplus or Deficit $(12)$: