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.\begin{tabular}{ll}\hline Income & Expenses \\\hline Salary: $64500/ ye ar & Mortagage: $3450/ month \\Jewelry sales: $400/ month & Groceries: $150/ week \\& Household expenses $240/ month \\& Car insarance: $2150 semianrually \\& Donations: $$00 year \\& Miscellaneous: $500/ month \\\hline\end{tabular}
Q. The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 1 month =4 weeks, and that 1 yeare =12 months. Round your answer to the nearest dollar.\begin{tabular}{ll}\hline Income & Expenses \\\hline Salary: $64500/ ye ar & Mortagage: $3450/ month \\Jewelry sales: $400/ month & Groceries: $150/ week \\& Household expenses $240/ month \\& Car insarance: $2150 semianrually \\& Donations: $$00 year \\& Miscellaneous: $500/ month \\\hline\end{tabular}
Add Income Calculation: Now, add the income from jewelry sales to the monthly salary.Monthly jewelry sales: $400Total monthly income: (12$64500)+$400
Calculate Total Expenses: Calculate the total monthly expenses.Mortgage monthly: $3450Groceries monthly: $150×4 weeksHousehold expenses monthly: $240Car insurance monthly: $2150/6 monthsDonations monthly: $500/12 monthsMiscellaneous monthly: $500
Sum Up Expenses: Sum up all the monthly expenses.Total monthly expenses: $3450 + $(150×4) + $240 + $(2150/6) + $(500/12) + $500
Find Net Cash Flow: Subtract the total monthly expenses from the total monthly income to find the net monthly cash flow.Net monthly cash flow =Total monthly income−Total monthly expenses
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}3450 + \left( ext{ extdollar}150 \times 4\right) + ext{ extdollar}240 + \left(\frac{ ext{ extdollar}2150}{6}\right) + \left(\frac{ ext{ extdollar}500}{12}\right) + ext{ extdollar}500\right)
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