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The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 1 anonth -4 weilk, and that I ye 
=12 months. Round your answer to the nearest dollar.




Incone
Expenses


Salary 
$64500// year
Mortagage: 
$3450// month


le weiry sales: 
$400// month
Groce ries 
$150// week



Household expenses: 
$240// month



Car insurance: 
$2150 semianually



Donations: 
$000 year



Miscellaneous: 
$500// month



$520




$530




$550




$495

The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 11 anonth 4-4 weilk, and that I ye =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{ll}\newline\hline Incone & Expenses \\\newline\hline Salary $64500/ \$ 64500 / year & Mortagage: $3450/ \$ 3450 / month \\\newlinele weiry sales: $400/ \$ 400 / month & Groce ries $150/ \$ 150 / week \\\newline& Household expenses: $240/ \$ 240 / month \\\newline& Car insurance: $2150 \$ 2150 semianually \\\newline& Donations: $000 \$ 000 year \\\newline& Miscellaneous: $500/ \$ 500 / month \\\newline\hline$520 \$ 520 & \\\newline$64500/ \$ 64500 / 00 & \\\newline$64500/ \$ 64500 / 11 & \\\newline$64500/ \$ 64500 / 22 &\newline\end{tabular}

Full solution

Q. The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 11 anonth 4-4 weilk, and that I ye =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{ll}\newline\hline Incone & Expenses \\\newline\hline Salary $64500/ \$ 64500 / year & Mortagage: $3450/ \$ 3450 / month \\\newlinele weiry sales: $400/ \$ 400 / month & Groce ries $150/ \$ 150 / week \\\newline& Household expenses: $240/ \$ 240 / month \\\newline& Car insurance: $2150 \$ 2150 semianually \\\newline& Donations: $000 \$ 000 year \\\newline& Miscellaneous: $500/ \$ 500 / month \\\newline\hline$520 \$ 520 & \\\newline$64500/ \$ 64500 / 00 & \\\newline$64500/ \$ 64500 / 11 & \\\newline$64500/ \$ 64500 / 22 &\newline\end{tabular}
  1. Convert to Monthly Salary: First, convert the annual salary to a monthly amount by dividing by 1212.$64500/12=$5375\$64500 / 12 = \$5375 per month.
  2. Calculate Monthly Income: Next, calculate the monthly income from weekly sales by multiplying the weekly amount by 44, assuming 44 weeks in a month.\newline$400×4=$1600\$400 \times 4 = \$1600 per month.
  3. Total Monthly Income: Now, add the monthly salary and the monthly income from weekly sales to get the total monthly income.$5375+$1600=$6975\$5375 + \$1600 = \$6975 per month.
  4. Monthly Grocery Expenses: Convert the weekly grocery expenses to a monthly amount by multiplying by 44.$150×4=$600\$150 \times 4 = \$600 per month.
  5. Monthly Car Insurance: Convert the semiannual car insurance payment to a monthly amount by dividing by 66.\newline$2150/6=$358.33\$2150 / 6 = \$358.33 per month.
  6. Total Monthly Expenses: Add up all the monthly expenses: mortgage, groceries, household expenses, car insurance, donations, miscellaneous, and the three incorrect expenses.$3450+$600+$240+$358.33+$0+$500+$520+$530+$550+$495=$6238.33\$3450 + \$600 + \$240 + \$358.33 + \$0 + \$500 + \$520 + \$530 + \$550 + \$495 = \$6238.33 per month.

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