Question
Use the table below to complete questions . 1) Based on information in the table calculate Michaels' net worth.(show all work) 2) Based on information
Use the table below to complete questions .
1) Based on information in the table calculate Michaels' net worth.(show all work)
2) Based on information in the table calculate Michaels’ monthly surplus or deficit. (show all work)
| Monthly salary | $2,800 |
| Monthly rent payments | $850 |
| Savings account balance | $2,000 |
| Monthly auto loan payment | $425 |
| Money market investment account balance | $5,000 |
| Monthly income from side business on eBay | $900 |
| Weekly grocery expense | $50 |
| Value of autos | $12,000 |
| Balance of student loans | $8,000 |
| Monthly student loan payment | $245 |
| Monthly utilities expense | $150 |
| Bi-annual insurance premium | $450 |
| Balance of auto loans | $8,600 |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
