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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 month 
=4 weeks, and that 1 yeare 
=12 months. Round your answer to the nearest dollar.




Income
Expenses


Salary: 
$64500// ye ar
Mortagage: 
$3450// month


Jewelry sales: 
$400// month
Groceries: 
$150// week



Household expenses 
$240// month



Car insarance: 
$2150 semianrually



Donations: 
$$00 year



Miscellaneous: 
$500// month

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 month =4 =4 weeks, and that 11 yeare =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{ll}\newline\hline Income & Expenses \\\newline\hline Salary: $64500/ \$ 64500 / ye ar & Mortagage: $3450/ \$ 3450 / month \\\newlineJewelry sales: $400/ \$ 400 / month & Groceries: $150/ \$ 150 / week \\\newline& Household expenses $240/ \$ 240 / month \\\newline& Car insarance: $2150 \$ 2150 semianrually \\\newline& Donations: $$00 \$ \$ 00 year \\\newline& Miscellaneous: $500/ \$ 500 / month \\\newline\hline\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 month =4 =4 weeks, and that 11 yeare =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{ll}\newline\hline Income & Expenses \\\newline\hline Salary: $64500/ \$ 64500 / ye ar & Mortagage: $3450/ \$ 3450 / month \\\newlineJewelry sales: $400/ \$ 400 / month & Groceries: $150/ \$ 150 / week \\\newline& Household expenses $240/ \$ 240 / month \\\newline& Car insarance: $2150 \$ 2150 semianrually \\\newline& Donations: $$00 \$ \$ 00 year \\\newline& Miscellaneous: $500/ \$ 500 / month \\\newline\hline\newline\end{tabular}
  1. Add Income Calculation: Now, add the income from jewelry sales to the monthly salary.\newlineMonthly jewelry sales: $400\$400\newlineTotal monthly income: ($6450012)+$400\left(\frac{\$64500}{12}\right) + \$400
  2. Calculate Total Expenses: Calculate the total monthly expenses.\newlineMortgage monthly: $3450\$3450\newlineGroceries monthly: $150×4\$150 \times 4 weeks\newlineHousehold expenses monthly: $240\$240\newlineCar insurance monthly: $2150/6\$2150 / 6 months\newlineDonations monthly: $500/12\$500 / 12 months\newlineMiscellaneous monthly: $500\$500
  3. Sum Up Expenses: Sum up all the monthly expenses.\newlineTotal monthly expenses: $3450\$3450 + $(150×4)\$(150 \times 4) + $240\$240 + $(2150/6)\$(2150 / 6) + $(500/12)\$(500 / 12) + $500\$500
  4. Find Net Cash Flow: Subtract the total monthly expenses from the total monthly income to find the net monthly cash flow.\newlineNet monthly cash flow =Total monthly incomeTotal monthly expenses= \text{Total monthly income} - \text{Total monthly expenses}
  5. Perform Calculations: Perform the calculations to find the net monthly cash flow. Net monthly cash flow = \left(\left(\frac{ ext{ extdollar}\(64500\)}{\(12\)}\right) + ext{ extdollar}\(400\right) - \left( ext{ extdollar}34503450 + \left( ext{ extdollar}150150 \times 44\right) + ext{ extdollar}240240 + \left(\frac{ ext{ extdollar}21502150}{66}\right) + \left(\frac{ ext{ extdollar}500500}{1212}\right) + ext{ extdollar}500500\right)

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