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please determine the couple's monthly cash flow. thabks so much :) the question is: use the following information to determine the Davidson's monthly cash flow.

please determine the couple's monthly cash flow. thabks so much :) image text in transcribed
the question is: use the following information to determine the Davidson's monthly cash flow.
each point that follows the question is a factor that contributes to their monthly cash flow. this is only one question. if you could please solve asap. thanks so much.
image text in transcribed
image text in transcribed
Use the following information to determine the Davidsons' monthly cash flow: Gary and Michelle Davidson currently have 2 children (ages 9 and 7 ) and a golden retriever dog. Gary works as a manager at a local manufacturing plant. His current annual salary is $59,400. - Each month, Gary's payroll deductions include $367.45 for federal income tax, $162.50 for state income tax, and $378.68 for their FICA (Social Security and Medicare) tax. Currently $34.17 is being deducted and deposited into their 401k. - Their current MasterCard balance is $4,730 and is being assessed an 18% APR finance charge and they have a minimum payment of $95 monthly. - The family bought a home 5 years ago for $250,000. Their loan is for 30 years at a fixed rate of 6% APR and their monthly payment is $1,349. To safeguard against theft, fire, and other calamities, they carry homeowner's insurance with an annual premium of $984. - The Davidsons pay $675 every six months for property taxes on their home and lot - They currently pay a monthly cable TV bill of $65.49, a landline phone bill of $32.50, and internet provider bill of $43.68, and a cellphone bill of $109.45. Their utility bills for electricity, natural gas, and water/sewer/garbage are $39.56, $89.75, and $53.49 respectively. - The Davidsons are a two-vehicle family. They own an older mini-van that is paid for, but recently purchased a new Ford F-150. They had to borrow $30,000 at 7% APR, which resulted in a $586 monthly payment. They have estimated that they spend about $360 per year on vehicle maintenance and their vehicle insurance premium is $468 every six months. Lately, they have been averaging about $150 per month on gasoline for the van and truck combined. - Because the family rarely plans out their weekly meals or uses coupons $635 is a typical monthly average on groceries. Per month, they eat out quite often and spend about $125 at restaurants. Both Gary and Michelle belong to a local health club and spend $48 per month on membership dues. Per month, their clothing expenditures average about $90, for the family entertainment is $65, household supplies about $35, miscellaneous items $70, and their monthly dog food and vet bills for their golden retriever average about $42. They also pay make $60 in charitable contributions each month. - Finally, the Davidsons are doing their best to protect the family with health and life insurance policies. Currently they pay $197.89 towards health insurance each month, and $47.82 towards life insurance each month. 3 . Use the following information to determine the Davidsons' monthly cash flow: Gary and Michelle Davidson currently have 2 children (ages 9 and 7) and a golden retriever dog. Gary works as a manager at a local manufacturing plant. His curtent annual salary is $59,400. - Each month, Gary's payroll deductions include $367.45 for federal income tax, $162.50 for state income tax, and $378.68 for their FICA (Social Security and Medicare) tax. Currently $34.17 is being deducted and deposited into their 401k. - Their current MasterCard balance is $4,730 and is being assessed an 18% APR finance charge and they have a minimum payment of $95 monthly. - The family bought a home 5 years ago for $250,000. Their loan is for 30 years at a fixed rate of 6% APR and their monthly payment is $1,349. To safeguard against theft, fire, and other calamities, they carry homeowner's insurance with an annual premium of $984. - The Davidsons pay $675 every six months for property taxes on their home and lot - They currently pay a monthly cable TV bill of $65.49, a landline phone bill of $32.50, and internet provider bill of $43.68, and a cellphone bill of $109.45. Their utility bills for electricity, natural gas, and water/sewer/garbage are $39.56,$89.75, and $53.49 respectively. - The Davidsons are a two-vehicle family. They own an older mini-van that is paid for, but recently purchased a new Ford F-150. They had to borrow $30,000 at 7% APR, which resulted in a $586 monthly payment. They have estimated that they spend about $360 per year on vehicle maintenance and their vehicle insurance premium is $468 every six months. Lately, they have been averaging about $150 per month on gasoline for the van and truck combined. - Because the family rarely plans out their weekly meals or uses coupons $635 is a typical monthly average on groceries. Per month, they eat out quite often and spend about $125 at restaurants. Both Gary and Michelle belong to a local health club and spend $48 per month on membership dues. Per month, their clothing expenditures average about $90, for the family entertainment is $65, household supplies about $35, miscellaneous items $70, and their monthly dog food and vet bills for their golden retriever average about $42. They also pay make $60 in charitable contributions each month. - Finally, the Davidsons are doing their best to protect the family with health and life insurance policies. Currently they pay $197.89 towards health insurance each month, and $47.82 towards life insurance each month. 3

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