Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You will be creating a 12 month budge for Yolanda Powers. Mrs. Powers is a single lady with 2 kids. She receives child support for

You will be creating a 12 month budge for Yolanda Powers. Mrs. Powers is a single lady with 2 kids. She receives child support for her kids totaling 1,000. She also works and Lane and Powells Attorney Office as a bookkeeper the office in located in Windsor, NC. She makes a salary of 90,000 before taxes. You need to determine her monthly pay pre tax and post tax. She also just got her tax return back of 5.000 dollars. You can use the tax return however you choose the child support is monthly income that is not taxed. Here are her monthly expenses Rent 500 Water 15 Power 105 Intenet 50 Daycare 400 Food 500 Child Expenses 300 Car Payment 345 Car Insurance 110 Heath Insurance 180 Pet Expenses 90 She wants to save up 3,000 if possible l in a year. You will also need to find 2 family friendly entertainment events she can do each month and budget for them. Each month should be something different .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

4th edition

978-0133428469, 013342846X, 133428370, 978-0133428377

More Books

Students also viewed these Finance questions

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago

Question

Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

Discuss the process involved in selection.

Answered: 1 week ago