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.\begin{tabular}{ll}\hline Incone & Expenses \\\hline 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 \\\hline$520 & \\$64500/0 & \\$64500/1 & \\$64500/2 &\end{tabular}
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 1 anonth −4 weilk, and that I ye =12 months. Round your answer to the nearest dollar.\begin{tabular}{ll}\hline Incone & Expenses \\\hline 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 \\\hline$520 & \\$64500/0 & \\$64500/1 & \\$64500/2 &\end{tabular}
Convert to Monthly Salary: First, convert the annual salary to a monthly amount by dividing by 12.$64500/12=$5375 per month.
Calculate Monthly Income: Next, calculate the monthly income from weekly sales by multiplying the weekly amount by 4, assuming 4 weeks in a month.$400×4=$1600 per month.
Total Monthly Income: Now, add the monthly salary and the monthly income from weekly sales to get the total monthly income.$5375+$1600=$6975 per month.
Monthly Grocery Expenses: Convert the weekly grocery expenses to a monthly amount by multiplying by 4.$150×4=$600 per month.
Monthly Car Insurance: Convert the semiannual car insurance payment to a monthly amount by dividing by 6.$2150/6=$358.33 per month.
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 per month.
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