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The Johnson family had an income after income taxes and FICA withholdings of $210,000 in 2019 and expect to have the same Income in 2020.
The Johnson family had an income after income taxes and FICA withholdings of $210,000 in 2019 and expect to have the same Income in 2020. Spending 2020 was food $12,000 , clothing $12,000, auto leases $6,000, rent $36,000, travel and entertainment $10,000 , Insurance $ 3,000, medical bills $4,500, spa and gym membership $2,400 and other expenses (including finance charges) $14,000On Jan 12021, their checking account had a balance of $2,400. Their VISA card had a balance of $12,500Their MasterCard had a balance of $9,500 They have a savings account with $4,400 and Investments of $24.500. How much in assets do the Johnson's have?
How much in liabilties do the Johnson have?
What is the Johnson's current net worth?
What is the Johnson's surplus or deficit for the year?
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