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The expenses and income of an individual are given in table form below. Find the income, expenses and net monthly cashflow ( it could be
The expenses and income of an individual are given in table form below. Find the income, expenses and net monthly cashflow it could be positive or negative Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that month weeks.
tableIncomeExpensesRent: $ monthSalary: $ month,Uroceries: $ weekUtilites: $ month,Health Insurance: $ semiannually,Bonus: $ year,Car Insurance: $ semiannuallyGasoline: $ weekMiscellaneous: $ monthPhone: $ month
Monthly Income: $
Monthly Expenses:
Monthly Cash Flow:
Comment on how realistic this budget is
Yes, the cash flow is positive so this individual is making more than heshe is spending.
No although the cash flow is positive, there is no room in the budget for emergencies.
No the cash flow is negative, which means this individual is spending more than heshe is earning which leads to debt.
Yes, the income and expenses are close enough to one another.
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